Greater ChinaOffshore
Cosco Shipyard secures FPSO conversion contract
Dalian: Singapore-listed Cosco Corporation has announced that its subsidiary Cosco Dalian Shipyard has secured a conversion contract for a floating production storage and offloading (FPSO) vessel from MODEC Offshore Production Systems (Singapore). Total value of the contract is about $95m.
The converted FPSO vessel is scheduled for delivery in the fourth quarter of 2016.
MODEC is a general contractor specialising in engineering, procurement, construction and installation of floating production systems including FPSO vessels, FSO vessels, tension leg platforms, production semi-submersibles and mobile offshore production units.