China delivers world's largest marine engineering equipment

（Xinhua） 08:33, July 04, 2013

A worker checks a buoy of the newly-built deep-sea engineering equipment in Qingdao, east China's Shandong Province, July 3, 2013. (Xinhua/Wan Houde)

WUHAN, July 3 (Xinhua) -- World's largest deep-sea engineering equipment built by a Chinese company was delivered on Wednesday to its Brazilian client.

Wuchang Shipbuilding Industry Co., Ltd. delivered four sets of buoys and 16 sets of foundations to Petrobras as part of the Sapinhoa-Lula NE BSR Buoys & Foundations Project, which will be installed in an offshore oilfield in Brazil to work for a period of 27 years.

The equipment is able to fit in deeper and more complicated marine environment and has extensively enlarged the scope of offshore oil exploitation, said Victor Bomfim, senior vice president of the project contractor Subsea 7 S.A.

Peter Wang, managing director of Eastern Horizon Consultant, said the delivery indicates that China is now capable of building high-end deep-sea engineering equipment.

Hot News	We Recommend
* 'Money shortage' will not lead to financial crisis	* Chinese investors' happiness and sadness
* Moody's warns on China's local government debt	* China's 1st intelligent high-speed train tested in Qingdao
* Baby formula gets new import rules	* Glamorous models pose at Shenyang auto show
* China's outbound investment at turning point: KPMG	* Beijing's taxicabs in 30 years
* No pains, no gains for China's economy	* 12th Shenyang Int'l Automobile Industry Expo kicks off