Dana Petroleum’s long-awaited Western Isles FPSO has been completed at a shipyard in China.
Builder Cosco said yesterday that a ceremony had been held to mark the vessel’s launch, adding that it would soon be towed to the North Sea.
The 28,000tonne unit has a total capacity of 50,000 barrels per day.
First oil on the Western Isles project was pushed back to late 2017 after it emerged the price tag had reached $2billion.
Western Isles is operated by Dana, which is owned by the Korea National Oil Corporation.
It involves the development of the Harris and Barra fields in the northern North Sea, 160km east of the Shetlands.
Plateau production is expected to be around 40,000 barrels of oil equivalent per day,
The estimated field life is 15 years.