The Haikui No. 1 is China’s first floating production, storage and loading facility in cylindrical form. It left the port of Qingdao over the weekend and made its way to the Pearl River Delta, where it will be deployed in the Liuhua 11-1 oil field at a water depth of 324 meters. The Haikui No. 1 is designed to withstand heavy storms and will only have to return to port for its first maintenance after 15 years at sea. The steel construction has a length of 90 meters and can process around 5,500 tons of crude oil per day. Almost 60,000 tons can be stored on board.