The order at the South Korean yard was penned "very recently", according to a spokesperson at BP, with delivery likely in mid 2015.



The UK supermajor revealed today that it, rival Shell and partners are to spend around $4.8 billion on redeveloping the Schiehallion and Loyal fields west of the Shetland Islands, with a new FPSO unit the cornerstone of the project named 'Quad 204'.



Although