MPF gets glowing report card
Norway-listed MPF said its project to build a combined drilling, production
and storage vessel had been favourably received by an independent market due
diligence report.
The report, performed by UK-based Infield Systems, suggested the timing of
the project was ideal in the growing market and would secure an employment
contract at favourable rates prior to delivery in 2009.
MPF is constructing a Multi Purpose Floater, combining drilling, production
and storage vessel for ultra-deep-water and harsh environment use.
The total project cost is estimated at $775 million.
06 August 2007 08:07 GMT
| last updated:
06 August 2007 08:07 GMT
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