Offshore oil storage gets boost

CNOOC's mega equipment to play key role in securing nation's energy supply

Asia's first cylindrical floating production, storage and offloading (FPSO) facility, designed and built by China, marks a breakthrough in the development of deepwater, ultra-large offshore oil and gas equipment, and will be significant in ensuring domestic energy security, said industry experts.

The comments came after the main construction of an offshore oil and gas processing plant — Haiyang Shiyou 122 — was completed in Qingdao, Shandong province, on Wednesday.

With a maximum oil storage capacity of 60,000 metric tons and a designed life of 30 years, it is capable of processing 5,600 tons of crude per day, its operator China National Offshore Oil Corp said.