Hyundai Heavy Industries has been handed a contract to supply the 270-metre long floating production, storage and offloading vessel that will replace the existing Schiehallion FPSO.

A BP spokesman confirmed that an order had been placed with the South Korean company “very recently”. The vessel, due to begin output in 2016, will be able to process and export up to 130,000 barrels per day of oil and have a storage capacity of more than 1 million barrels.

Trevor