Seoul: STX Heavy Industries Co., Ltd. of South Korea's STX Group has bagged an order from a Middle East owner for the construction of a floating storage unit (FSU). This follows the group's first drill ship order landed late last month.
According to local newspaper reports, STX HI secured the FSU order, valued at about 500 billion won, jointly with compatriot Samsung C&T Corp. They will take charge of the whole process of the contract from design, materials procurement, manufacturing, installation to trial operation. Completion of the installation at the work site is scheduled in the second half of 2011. Measuring 335 meters long, 60 meters wide and 33 meters deep, the FSU will have a deadweight of about 335,000 tons and a crude storage capacity of 2.2 million barrels. [20/10/08]
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