[India] KG D6 Ruby FPSO

[escveritas]

Samsung Heavy clinches FPSO order worth nearly $970 million
April 22, 2019

South Korean shipbuilder Samsung Heavy Industries has received an order to build a floating production storage and offloading (FPSO) vessel for an unnamed Asian client.

In a regulatory filing on Monday, April 22, 2019, Samsung Heavy said it had signed a contract to deliver the FPSO by March 2022.

The value of the contract is 1.104 trillion won or about $967 million.

The FPSO will be built at Samsung Heavy’s Geoje shipyard in South Korea.

[escveritas]

NOV announces contract award by Samsung Heavy Industries for STP system



APL, part of NOV Completion & Production Solutions segment, was awarded the supply of a large submerged turret production (STP) system for Samsung Heavy Industries Co. Ltd. The STP will be used for Reliance Industries' FPSO on the MJ field, a major deepwater gas and condensate project off India’s east coast in the Bay of Bengal. The specific location of the STP will be in Block KG-D6 (KG-DWN-98/3) in Krishna Godavari Basin, in water depths between 600 and 1200 meters. KG-D6 is part of the MJ field, Bay of Bengal , East Coast India

The STP system is a unique, innovative, and flexible turret mooring system for FPSO vessels. The STP swivel, which is mounted on top of the turret buoy, transfers oil, water, gas, signals, and power from the geostationary riser system to the piping and cabling system of the freely weather-vaning production vessel.

[escveritas]

KG D6 Ruby FPSO has just set sail for the 5000km journey from South Korea to Kakinada, India where she’ll help ramp up domestic gas production.

The FPSO is built at Samsung Heavy’s Geoje shipyard in South Korea back in 2019 with contract value of around KRW 1.1 Trillion.