Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Oil for ships: Korea pitches Brazil

Oil for ships: Korea pitches Brazil

Seoul: Korea is hoping to participate in a large-scale oil field development project in Brazil, taking advantage of its successful shipbuilding industry, local media in Seoul reported.
The Knowledge Economy Ministry on Sunday said it will seek to win rights to develop oil fields in Brazil in return for providing deep-sea drill ships and floating production storage and offloading vessels, which are necessary for oil and gas field development.
A delegation including Vice Knowledge Economy Minister Kim Young-hak and members from 46 energy companies or related organizations will visit Brazil, Colombia and Peru from March 9 to 20, to discuss cooperative measures for the possible development with Petrobras, South America's largest oil company.
Samsun Heavy Industries has already entered a tie up with Petrobras to build a slew of tankers on Brazilian soil. [10/03/09]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.