The 1970-built floater is being assessed at Cosco-owned Guangzhou Dockyards Company Ltd after China National Offshore Oil Corporation (CNOOC) and ConocoPhillips decommissioned it from the Xijiang 24-3 field in the South China Sea last month.
Sources said CNOOC’s FPSO operator CNOOC EnerTech is considering overhauling and upgrading the unit to work at the Enping oilfield development between 2012 and 2013.
Enping was discovered this year in the Pearl River Mouth basin’s Enping Trough in the eastern part of the South China Sea and holds estimated reserves of about 30 million cubic metres (190 million barrels) of oil.
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