• 2012 September 14 10:45

  Samsung Heavy Industries lands $230m Statoil contract

  

  Samsung Heavy Industries (SHI) has won a $230m contract from Statoil to build a new permanent floating storage unit (FSU) for the Heidrun field in Norwegian waters, Seatrade Asia online reports.
  
  The contract includes options to buy two additional units, according to Statoil.
  
  The new FSU will be permanently connected to a buoy, and the oil will be lifted from the FSU by use of shuttle tankers. The FSU is expected to have a lifespan of 30 years.
  
  The unit will be built by SHI's shipyard in Geoje Island in South Korea. Engineering will start immediately and the unit is expected to be on location at Heidrun field in the first half of 2015.
  
  “The procurement process was based on competition which involved world-class pre-qualified shipyards and Samsung presented the best overall offer,” said Anders Opedal, head of projects in Statoil.

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