Samsung Heavy Industries Lands Statoil FSU Construction Contract



Statoil said Thursday that it has awarded a construction contract worth $230 million for a floating storage unit (FSU) to Samsung Heavy Industries. 

The FSU – which will be put to work on the Heidrun field in the Norwegian North Sea by 1H 2015 – will be permanently connected to a buoy, and the oil produced from the field will be lifted by use of shuttle tankers. The FSU, said Statoil in a statement, has an expected design life of 30 years.

Under the contract inked, Statoil has options to buy two additional units. 

The Heidrun field – which Statoil expects to maintain production until 2045 – is located on Blocks 650/7 and 650/8 on Haltenbanken in waters 1,148 feet (350 meters) deep. StatoilHydro, which holds a 12.41% interest, operates the oil and gas field; Petoro holds 58.16%; ConocoPhillips holds 24.31%; and Eni Norge holds the remaining 5.12%.

 



WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

RELATED COMPANIES