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Creation of Russian-Korean and Russian-Singaporean Yards at the Far East of the Russian Federation to Be Over in the First Quarter of 2012

February 20, 2010

The construction of joint Russian-Korean and Russian-Singaporean yards on the Far East of the Russian Federation is to be over in the I quarter of 2012, that is within 24 months. According to the press-service of the Government of the Russian Federation, this was informed to Vladimir Putin, the Prime Minister of the Russian Federation, by Roman Trotsenko, Chairman of the United Shipbuilding Corporation (OSK). It should be noted that earlier 2011 was the finishing date of construction of the Russian-Korean yard.

“The construction is performed in accordance with the schedule. Perhaps, our Korean colleagues are more active in this regard. We believe the project documentation to be obtained by May that is by the beginning of the working season. Onsite preparatory works are already carried, heavy machinery is used. We expect the entire construction project to be finished within 24 months as from now. Plans are not frustrated,” informed Roman Trotsenko.

At the same time he pointed that 3-year delay of the development of the Stockman deposit could not help but affected the plans regarding a Russian-Korean join venture. “As we observe it causes some delay in construction of LNG carriers as well,” said Roman Trotsenko applying to the Prime Minister with request for making a decision on shelf development optimization provided that shelf fields are to be granted to Russian companies ordering Russian machinery.

According to Vladimir Putin, it will be performed exactly this way, but the work should match sales volumes.

It is a reminder that the United Shipbuilding Corporation (OSK) and Daewoo Shipbuilding and Marine Engineering (DSME) started constructing the yard in the Primorie Territory for the amount of RUR 45 bln. The corresponding agreement was signed in autumn 2009. The yard is intended for construction of ice class heavy-tonnage vessels (tankers, LNG carriers from 80 to 260 thousand cubic meters), drilling vessels, floating LNG producing plants.

In the middle of October, OSK signed an agreement with Singaporean Yantai Raffles on construction of another yard at the Far East. There submersible and semi-submersible platforms and drilling machinery are to be produced.

Source: PortNews

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