Korea Shipbuilding & Offshore Engineering (KSOE) has won a 659.2 billion won ($57.8 million) order for U.S. marine facilities.
KSOE announced on Aug. 6 that it recently signed a contract with a U.S.-based crude oil developer to build marine facilities for one semi-submersible crude oil production facility (FPS).
The FPS, which is 91 meters long, 91 meters wide and 90 meters high, can produce 100,000 barrels of crude oil and 4 million cubic meters of natural gas a day.
The facility will be carried out in Ulsan Hyundai Heavy Industries under the Engineering, Procurement and Construction (EPC) method and will be manufactured in the third quarter of next year.
It will be installed in Shenandoah Field, 300 kilometers south of Louisiana, the U.S. in the second half of 2024.
An official of KSOE said, "We are expecting orders for marine works to be issued continuously from Qatar, the Americas, and South America thanks to rising oil prices. We will continue to carry out our sales strategy that puts profitability first."