Daewoo Wins $16.5-Million Contract To Build Offshore Vessel For India

The Oil and Natural Gas Commission of India has signed a contract for construction of a $16.5-million well-stimulation vessel by Daewoo Shipbuilding and Heavy Machinery Ltd. of South Korea.

The 26212 -foot ship will feature a dynamic positioning system, with two bow thrusters and two stern thrusters, the latter 360-degree rotatable, permitting it to remain stationary during well-stimulation operations with or without use of mooring lines. The vessel will also incorporate an anti-pollution control system, through which oil-dissolving chemicals are spread on the surface of the sea to combat oil spills.

The ship will be used in offshore enhanced-recovery operations to help increase the volume of oil from older wells. Scheduled for delivery in 1986, it will be the first such vessel to be built at Daewoo's large and modern Okpo shipyard.

Maritime Reporter Magazine, page 10,  May 15, 1985 identifiable buyers

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.