US$ 500 million Gaza floating oil terminal arrives in Libyan waters

By Sami Zaptia.

London, 21 May 2016:

The Gaza Floating, Storage, Offloading Marine Terminal (FSO) has today arrived in Libyan waters at the Mellitah Oil and Gas operated offshore Bouri field, 120 km northwest of Tripoli. It has been travelling since March.

The FSO was manufactured at a cost of over US$ 500 million by South Korean main contractor SFX in the Southern Korean port of Busan. The Gaza FSO will replace the existing, but aging, Sloug FSO, which has been in situ since 1989.

Installation of the floating terminal was planned for 2015, but the . . .

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