China: COSCO Dalian Shipyard Snaps Up EPC Contract Worth $500 Million to Build DP3 Deepwater Drillship


COSCO Corporation (Singapore) Limited  announced that COSCO Dalian Shipyard Co., Ltd. (“COSCO Dalian”), one of the subsidiaries of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co., Ltd., has today secured a turn-key EPC (Engineering, Procurement and Construction) contract worth more than USD500 million with Dalian Deepwater Development Ltd to build an advanced and versatile DP3 deepwater drillship.

This unique vessel, with a hull size of 291m by 50m, is designed to drill wells in international oilfields with high efficiency and safety in harsh environments and at ultradeep water depths up to 10,000ft (3,050 m) and drilling depths exceeding 30,000 ft (9,150 m).

The vessel will have a separate production moon-pool and its variable deck-load capacity, deck space and cargo storage capacity will be the highest of any drillship ever built. The drillship will be upgradeable for enhanced well intervention capabilities, extended well testing and early field production with 1 million barrels of crude oil storage capacity.

The hull of the vessel and certain equipment thereon were originally built and installed by COSCO Dalian as part of a floating, production, drilling, storage and off-loading (FPDSO) unit for MPF Corp. Ltd which had sought bankruptcy protection in 2008. Pursuant to the insolvency proceedings that followed, a sale of MPF Corp Ltd’s assets was conducted and the said hull and equipment were acquired by COSCO Dalian pursuant to such sale.

The contract with Dalian Deepwater Development Ltd became effective on 20th July 2010 and the vessel is expected to be delivered to the buyer in the third quarter of 2012.

Source: cosco-shipyard,July 22, 2010

Share this article

Follow Offshore Energy Today

One thought on “China: COSCO Dalian Shipyard Snaps Up EPC Contract Worth $500 Million to Build DP3 Deepwater Drillship”

Comments are closed.

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Offshore Energy Exhibition and Conference (OEEC)

The three-day event features an exhibition where over 600 companies will showcase their products and services…

read more >

Argentina Oil and Gas Expo 2019

The Argentine Oil and Gas Institute (IAPG) organizes the Argentina Oil & Gas Expo bringing together the most…

read more >

OEE Conference & Exhibition 2019

OEE2019 is organised by Ocean Energy Europe, the industry association representing ocean energy in Europe.

read more >

Africa Oil & Power 2019

The Africa Oil & Power conference will bring together an elite class of ministers and senior-level government…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply