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Business > Foreign Business
China's self-developed cylindrical floating oil production facility installed at sea
by XINHUA
Jun 12, 2024 12:13 am

BEIJING ― The first cylindrical floating oil-gas production, storage and offloading (FPSO) facility in Asia, named 'Haikui No. 1,' has been successfully installed at sea, its owner China National Offshore Oil Corp. (CNOOC) announced on Monday.

This achievement marks a significant breakthrough for China in installing floating facilities in deepwater oil and gas fields, according to CNOOC, the largest offshore oil and gas producer in China.

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