media release

Massive Contract For International

The world's largest floating production, storage and offloading vessel for the oil industry is being coated by Akzo Nobel.

Akzo Nobel’s International Coatings business has been awarded a USD 5 million contract to coat the world’s largest FPSO (Floating, Production, Storage and Offloading) facility, being constructed at Hyundai Heavy Industries in Korea.

The Exxon Kizomba—which will be capable of processing 250,000 barrels of oil per day and will have a 2.2 million barrel storage capacity—will be deployed in Exxon Mobil’s Kizomba A field off Angola.

International Paint (Korea) secured the coating contract, whichinvolves supplying more than a million liters of paint to cover 50,000 tons of steel. Exxon specified a premium product for more than half of the total paint required and decided to use Intershield 300—due to its excellent performance and track record—along with Intersmooth Ecoloflex SPC, Interline 850, Interline 925 and Interzinc 52.

The USD 3 billion Kizomba A project in Angola’s Block 15 will be the largest deepwater development offshore West Africa. Target production is 250,000 barrels per day and first oil is scheduled for late 2004.

The scale of the project is reflected by the fact that the Kizomba FPSO is the largest order (USD 800 million) Hyundai Heavy Industries has ever received for an offshore FPSO project. It has a stand alone weight of 81,000 tons, is 285 meters long, 63 meters wide, 32 meters high and can accommodate 100 people in its living quarters.

It is scheduled for delivery in mid-2004.

(Released: October 1, 2002)