Statoil Picks Sembcorp Marine for FPSO Construction

Sembcorp-Marine

Statoil has signed a letter of intent with Sembcorp Marine Rigs & Floaters in Singapore for the construction of the hull and integrated living quarters for the floating production, storage and offloading (FPSO) vessel that will be located on the Johan Castberg field in the Barents Sea.

The company said that the shipbuilding contract is intended to be signed at the final investment decision scheduled before Christmas.

The contract, worth NOK 4 billion (USD 490 million), covers engineering, procurement and construction.

The contract was won through international competitive bidding, which did not include Norwegian bids, Statoil said.

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