A floating production, storage and offloading vessel, built by China’s Offshore Oil Engineering Company (COOEC), was delivered in Qingdao, east China’s Shandong province on May 16.

The ship, called P67, is due to depart from Qingdao this month, to be stationed in Brazil where it will operate for Petrobras, the country's State-owned oil giant.

P67 has a displacement of 350,000 tons which is five times that of a Liaoning aircraft carrier. The ship will be able to process 150,000 barrels of crude oil per day once it begins operation.

The ship is more than 300 meters in length and 74 meters in width, and its deck is as big as three standard football pitches. It took 45,000 tons of steel and 1.5 million meters of cables to build the ship.

Taking 6 years and more than 10 billion yuan to build, P67 is one of the world’s largest floating vessels for oil production and storage, said Jin Xiaojian, chairman of COOEC.

The completion of the equipment has signified that COOEC and China’s offshore oil engineering have attained the capability to independently construct, design and test floating production, storage and offloading vessels, Jin said.

It has also shown that the Belt and Road Initiative has provided an opportunity for Chinese enterprises to show their capabilities, as well as for the world to benefit from such Chinese achievements.

Yang Jian, a designer of the vessel, said a lot of new technologies were used in the making of the ship, including the 2,000-kilogram high pressure water jet technology and phased array ultrasonic testing.

Innovations in 120 technologies and crafts have been carried out during the design, construction and testing of the ship.

Currently there are 210 similar operational vessels in the world, 18 of which are in China.