FPSO order for SHI

In a statement, the shipbuilder said that it will deliver the FPSO to an unnamed Asian customer by March, 2022. The FPSO will be constructed at its main shipyard in Geoje. Although Samsung Heavy did not announce the name of the Asian customer, industry sources said that its FPSO will be used for Indian energy group Reliance Industries at the MJ deep-water gas and condensate project off India’s east coast. The FPSO is designed to process and store oil or natural gas, and can be manoeuvered to serve different locations. Samsung Heavy has so far this year won contracts valued at US$2.3 billion, including orders for seven LNG carriers.