|DSME wins Caspian drill ship construction order|
|Tuesday, 11 January 2011 15:30|
South Korean shipbuilder, Daewoo Shipbuilding and Marine Engineering (DSME), has announced that it has been awarded a drill ship order by a South Korean consortium led by the state-run Korea National Oil Corporation.
The vessel measures 100 metres in length and 40 metres in breadth, and has a maximum 6,000-metre drilling depth capacity. The vessel will be used for an oil exploration project in the large Zhambyl oil field in Kazakhstan. The South Korean consortium previously won a stake in the project.
Given that the vessel’s operation area, the Caspian Sea, is surrounded by land on all sides, DSME plans to complete construction using its Mangalia shipyard in Romania, as well as local shipyards in the Caspian Sea region.
If oil is found in the Zhambyl oil field, oil production is likely to begin in 2018, and DSME expects that more orders for production facilities and plants needed for oil development would follow.
With this drill ship order, DSME has so far secured orders for fifteen vessels and two offshore products this year, totalling US $1.59 billion.
Latest Book Reviews
- The US Naval Institute on Naval Strategy
- Silent And Unseen: On Patrol in Three Cold War Attack Submarines
- 21st Century Seamanship
- Small Navies: Strategy and Policy for Small Navies in War and Peace
- The Baltimore Sabotage Cell: German Agents, American Traitors, and the U-Boat Deutschland During World War I
- Re-Inventing The Ship: Science, Technology and the Maritime World, 1800-1918
- The Indian Ocean and US Grand Strategy: Ensuring Access And Promoting Security
Latest Commentsdavid wood ross: Excellent timely article Neil and accurately reflects my own experience. I say timely because recent...
Ross Fletcher: Well said.Needs a lot more noise on this issue. As a professional merchant navy Officer, I have been...
John Oscroft: Try the Barrow in Furness (UK) museum, housed in an old dry dock, whilst a lot is given over to the ...
Tracey: I am reading a wonderful and impressive story......