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    Kvaerner secures key contracts in China

    News // March 1, 2002
    Kvaerner has announced that its Asia Pacific operations have been awarded significant contracts valued at $12 million in China for the Panyu field development in the South China Sea.

    The main contract, awarded by China Offshore Oil Nanhai West Corporation, a subsidiary of China National Offshore Oil Company (CNOOC), is for a new-build FPSO (Floating, Production, Storage and Offloading) facility, operating at Devon Energy China Limited's Panyu Field in the South China Sea.

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