BP: Skarv FPSO Contract Goes to Samsung Heavy

BP Norway has, on behalf of the Skarv-Idun licenses, awarded the contract for fabrication of the Skarv FPSO Hull to Samsung Heavy Industries in South Korea. The contract value is US$400 million (approximately 2.4 billion NOK).

The Skarv vessel is a FPSO that will produce from the Skarv Field in the Norwegian Sea. The vessel has a length of 292 meters, breadth of 50.6 meters and is 29 meters depth. The hull weight, including living quarter is 40,600 tonnes and accommodates 100 persons in single cabins.

The hull will be delivered in January 2010. The contract is dependant on sanction and PDO approval.

The Skarv field was discovered in 1998 outside the coast of Nordland. The field has 470 million boe produceable resources, and a design life of 25 years. The oil will be exported via offshore loading and the gas via a tie in to Asgard Transport system.

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