Shanghai: A Chinese yard is deemed to be in pole position for a newbuild contract to construct the world’s largest FPSO for Royal Dutch Shell. The oil major is tendering for an FPSO to be moored off Nigeria. Processing capacity of the FPSO will be around 225,000 barrels a day with capable of storing 2.50m barrels.
China’s joint-stock company Offshore Oil Engineering(COOEC)-Tianjin will fight it out with Korea’s big three yards for the contract, with COOEC viewed as the favourite to win. Malaysia’s Bumi Armada may also submit a bid. The contract is expected to be handed out later this year. [14/05/14]