Samsung Heavy Industries recently said that it has received a $550 million order from Norwegian marine energy mining company, Basin Kerrpool, to build the world's largest drilling ship. From the price point of view, the ship is equivalent to four 300,000-ton giant tankers. Construction takes thirty-four months, and in February 2009 the vessel will be used to mine crude oil in South America and West Africa.
According to Samsung Heavy Industries, the whole process of building the foundation, material procurement, installation and commissioning of the vessel was undertaken. The ship will be equipped with a dynamic positioning system, etc., which is an upgraded product of the existing similar vessels. The company, which issued the first order for drilling ships, will issue orders again according to the medium and long-term plan. Therefore, this cooperation has given Samsung Heavy Industries an advantage in securing new orders.
Previously, among the 18 orders for drilling ships in the world, Samsung Heavy Industries received 11 orders, with a market share of 61%. Among the four new orders generated this year, Samsung Heavy Industries has built three vessels and is the leader in the international drilling ship market.
According to Samsung Heavy Industries, the whole process of building the foundation, material procurement, installation and commissioning of the vessel was undertaken. The ship will be equipped with a dynamic positioning system, etc., which is an upgraded product of the existing similar vessels. The company, which issued the first order for drilling ships, will issue orders again according to the medium and long-term plan. Therefore, this cooperation has given Samsung Heavy Industries an advantage in securing new orders.
Previously, among the 18 orders for drilling ships in the world, Samsung Heavy Industries received 11 orders, with a market share of 61%. Among the four new orders generated this year, Samsung Heavy Industries has built three vessels and is the leader in the international drilling ship market.
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