Samsung Heavy clinches FPSO order worth nearly $970 million
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.
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