ATHENS: South Korea’s Samsung Heavy Industries has won a KRW 1.12tr ($1.06bn) fabrication contract to build two new offshore platforms, which will be deployed at the new Johan Sverdrup field in the North Sea.
The deal is the first contract for an offshore platform to be placed this year, after a slew of cancellations. The order was placed by Statoil on behalf of the consortium of partners participating in the Johan Sverdrup project, which also includes Lundin Norway, Petoro, Det Norske Oljeselskap and Maersk Oil.
Samsung Heavy’s fabrication contract comprises decks for the 26,000-tonne process platform and the 22,000-tonne riser platform, which will be connected to a power cable from the shore. The platform deck will be also be manufactured at Samsung Heavy. The contract should be completed by the end of 2018, according to a filing to the Seoul stock exchange today.
