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Hanwha Ocean


Floating Production Storage &
Offloading Unit

  • Naming ceremony of Pazflor FPSO
    The Naming Ceremony for the World-Largest Pazflor FPSO
Pazflor, the World's Largest FPSO
FPSO (Floating Production Storage & Offloading Unit) is a new type of offshore production facility with massive oil processing, storage, and offloading equipment to produce and store the oil until it can be offloaded onto a tanker and safely transported to land even in rough sea conditions. As the oil exploration needed to move to deeper seas after all the oil fields with platforms sitting on continental shelf were depleted, the new concept of oil production facility was introduced.
The Pazflor FPSO built by us as a turnkey project is the largest in the world at 325 meters long, 62 meters wide and weighing 120,000 tons with total construction cost reaching approximately KRW 2.6 trillion.
While design and production are commonly separated for an offshore project, this was the first large-scale FPSO project that We have carried as a whole under an Engineering, Procurement, Commissioning and offshore Installation (EPCI) contract, including the basic and detailed production design, material procurement, trial run, and the installation.
It can produce 220,000 barrels of crude oil and 440,000 cubic meters (㎥) of natural gas per day from two separate reservoirs with a storage capacity of 190,000 barrels (approx. 260,000 tons) which is as much as Korea's daily oil consumption.
FPSO on the sea, Side view of an FPSO unit on the sea, FPSO at night, FPSO producing oil or natural gas at night
LNG-FPSO and LNG-FSRU with a New Concept
LNG-FPSO (Floating Production Storage and Offloading) is a new class of offshore plant that houses the necessary facilities for production, storage, and offloading liquefied natural gas. It offers the advantages of time and cost reduction compared to the conventional method that produces natural gas offshore, liquefies and stores it on land, and then offloads it to an LNG carrier.
LNG FPSOs has an offshore LNG-FSRU (Floating Storage & Regasification Unit) that serves as a terminal with LNG storage and regasification facilities to lead reduced land expenses, quicker delivery to meet the demands, and reduced concerns among neighboring communities according to the "safer by distance" principle.
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