Samsung Heavy wins $1.27bn contract from BP

Samsung Heavy Industries (SHI) has won the first South Korean vessel order of the year, concluding a lengthy contract with BP.

SHI will build a $1.27bn floating production unit for BP’s Mad Dog offshore field. The unit will deliver in August 2020. The 58,000 dwt production facility will have capacity to produce up to 110,000 gross barrels of crude oil and 25m cu ft of natural gas per day.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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