HHI debuts new FPSO in South Korea
HHI today held a naming ceremony for the Usan FPSO in Ulsan, South Korea. According to the company, it is the world's largest floating production storage and offloading facility. The Usan FPSO can refine 160,000 barrels of oil and 5 million cubic metres of gas daily. It has storage for 2 million barrels of oil. The facility is 320m long, 61m wide, 32m high and weighs 116,000 tons. HHI's FPSOs are easy to install and do not require pipelines to export oil and gas.
The $1.7 billion FPSO was ordered by French supermajor Total in February 2008. Technologies such as three-dimensional simulation during module installation to assess risks and drydock loading of four sets of topside modules are a paradigm shift in the industry, shortening construction time by up to a month and increasing reliability and worker safety.
After trial runs in Ulsan, Usan FPSO will sail out for the Usan Field at the end of March 2011. The Usan Field is located 100km south of Port Harcourt, Nigeria.
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