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Hyundai Heavy Builds First Underwater LNG Tanks

The world's largest shipbuilder Hyundai Heavy Industries has built the world's first underwater liquefied natural gas tanks. Each is 155 m long and weighs 4,800 tons. The order was placed last year by ExxonMobil, and the tanks can store up to 260,000 cubic meters of liquefied natural gas (LNG). Hyundai declined to mention their cost.

The two tanks will be deployed in the Adriatic Sea off the coast of northern Italy to enter into use in 2008. Hyundai says the tanks can withstand temperatures of -162 degrees

Celsius. The tanks will be delivered in pieces to Spain, where they will be assembled. (Source: http://english.chosun.com)

Subsea 7 Orders New DSV

Merwede Shipyard won a $200m contract for the design and construction of a new Diving

Support/Offshore Construction vessel for Subsea 7.

The introduction of this DSV to the market will pro- vide Subsea 7 with a versatile and advanced vessel built to a high specification. The vessel is being built to fulfill the requirements of a con- tract obtained by Subsea 7 from Shell for diving support services in the North Sea.

Delivery of the vessel is scheduled for the first quarter of 2009. The 24 man saturation dive spread will be designed and built by Divex.

Tsunami Warning System to be Completed by Sept. ‘07

Work on installing a tsunami warning system along the Indian coast was progressing fast and was likely to be completed by September 2007, Dr. P S Goel, secretary, Ministry of

Earth Sciences and chairman of National Institute of Occean Technology (NIOT) said, according to a report on www.hindu.com. When issuing a warning, the source of the earthquake and areas likely to be affected should also be studied. (Source: www.hindu.com)

FMC Wins $122m Subsea Contract

FMC Technologies, Inc. won a $122m contract to supply the subsea gas production sys- tem for Petrobras' Mexilhão field offshore Brazil. The scope of supply includes six sub- sea trees, two subsea manifolds with multiplexed controls and related subsea systems.

Field requirements include a subsea system rated for 10,000 psi and high temperatures to 300°F. Equipment for this project will be engineered and manufactured at FMC

Technologies' facility in Rio de Janeiro. Deliveries are slated for 2008. The Mexilhão field is located in the Santos Basin, São Paulo State, about 160 km offshore and water depths of 320 to 550 m.

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