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Reliance Industries behind first FPSO newbuilding order this year

The privately owned Indian oil and gas group has awarded Samsung Heavy Industries a Won1.1 trn newbuilding contract for an FPSO. The production floater is earmarked for one of three gas field developments Reliance is pursuing offshore India

One of just a handful of major FPSO awards this year, the newbuilding is set for delivery in March 2022

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