China eyes second cylindrical FPSO to develop newly discovered deep-water oil reserves

Unusual floater design in mix for developing Kaiping oil complex

Landmark facility: China’s first cylindrical FPSO, the Hai Yang Shi You 122, is being built at COOEC yard in Qingdao city, China. — Landmark facility: China’s first cylindrical FPSO, the Hai Yang Shi You 122, is being built at COOEC yard in Qingdao city, China.Photo: COOEC

Xu Yihe

Singapore

Published 22 September 2023, 03:45Updated 27 September 2023, 07:28

China CNOOC Ltd COOEC China Merchants Heavy Industry China Oilfield Service Ltd