Samsung Heavy clinches FPSO order worth nearly $970 million

A Samsung Heavy Shipyard; Source: Wikimedia – under the public domain

South Korean shipbuilder Samsung Heavy Industries has received an order to build a floating production storage and offloading (FPSO) vessel for an unnamed Asian client. 

In a regulatory filing on Monday, April 22, 2019, Samsung Heavy said it had signed a contract to deliver the FPSO by March 2022.

The value of the contract is 1.104 trillion won or about $967 million.

The FPSO will be built at Samsung Heavy’s Geoje shipyard in South Korea.

No further details have been released about the contract.

Offshore Energy Today Staff


Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email.

Offshore Energy Today, established in 2010, is read by over 10,000 industry professionals daily. We had nearly 9 million page views in 2018, with 2.4 million new users. This makes us one of the world’s most attractive online platforms in the space of offshore oil and gas and allows our partners to get maximum exposure for their online campaigns. 

If you’re interested in showcasing your company, product or technology on Offshore Energy Today contact our marketing manager Mirza Duran for advertising options.