The Bohai Phase II Project, located in the Bohai Bay (China), is 225.31 km (140 miles) from Tanggu and 136.8 km (85 miles) from Dalian, at a depth of approximately 30 m (100 feet). Bohai Phase II consists of seven new service and production platforms, the revamping of the largest FPSO (Floating Production Storage and Offloading) in the world, and the addition of a hook tower.
Grupo Cuñado began taking part in this important offshore Project in its 2nd phase in January 2005 for the oil company ConocoPhillips. First, a 3-year frame agreement was signed, with two extension options of 1 year each, which ConocoPhillips chose to implement, extending the contract until 2010. ConocoPhillips added two more annual options, based on our solid performance in this project.