Cosco

Cosco: 51% owned subsidiary, COSCO (Dalian) Shipyard has secured a contract to convert one large crude carrier (LCC) to an FPSO for a Japanese ship-owner. The FPSO will have capacity of crude oil processing of 28.6k cubic m/day of liquid, gas processing & compression of 8m cubic m/day and a storage capacity of 1.6m bbl of oil and is designed to operate for 20 yrs without dry-docking. The FPSO will be deployed in the Cernambi – Sul Field, offshore Brazil. No contract value was disclosed.