Dragados Offshore, S.A. (Spain) will build the biggest vessel containing drilling, process and oil storage facilities of the world for the Norwegian company MPF Corp. This pioneering project will imply work load for this company until the end of the year 2009.
Dragados Offshore will be in charge of the detailed engineering, procurement, fabrication and installation of the necessary equipment and facilities, from the drilling modules to those of generation, including the installation of the propulsion equipment and the execution of all the necessary commissioning tests of all the systems and the sea trials.
To be able to undertake this new Contract, Dragados Offshore is carrying out the necessary works for the construction of a new quay of 300 meters length, and a depth of 12 meters in its yard of the Bay of Cadiz; which will enable the mooring and berthing of the vessel, whose hull is being built in Dalian (China) and will be completed by September of 2008.
 This vessel will have a length of 300 meters and a depth of 27 meters, as well as capacity to store 1.000.000 of barrels of crude oil. The vessel will be able to drill in deep waters up to 3.000 meters and up to 10.000 well depth meters. The company MPF requires having enough capacity to operate at any location of the world, even in the Arctic waters, by means of a hull and relevant facilities specially designed for temperatures of 30 below zero.
The vessel is an alternative to the traditional permanent offshore fixed platforms. It will be mainly used for the development of offshore fields of oil and gas located into deep waters and in adverse climatologies. This new contract represents for Dragados Offshore a new challenge, since this project is currently the most emblematic project being developed at this moment in the offshore market. It is the first time that a vessel of these characteristics is being built, with capacity for drilling as well as for producing and storing crude oil, since until now there were no vessels that could carry out all these tasks.
Building this Project also represents the entrance into two sectors of the offshore market which in these moments are basic for the development of the oil and the gas industry: the floating production units and the drilling units in deep waters. With the awarding of this new project, Dragados Offshore confirms its excellent position, not only as a builder of offshore production plants but also as a builder of floating drilling units.
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