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Statoil awards Sembmarine $660.67m FPSO contract
The contract will cover the engineering and construction of a hull and living quarters.
Sembcorp Marine's (Sembmarine) subsidiary, Sembcorp Marine Rigs & Floaters Pte Ltd, won a $660.67m (US$490m) contract from Statoil Petroleum AS (Statoil) for one of its floating production, storage and offloading vessels (FPSO).
Sembmarine announced on a press release that the contract focuses on the turnkey engineering, procurement, and construction of a hull and living quarters for the FPSO.
The FPSO will have a hull approximately 55 m wide and 295 m long. It will be deployed at the Johan Castberg field development in the Barents Sea, about 240 km from Hammerfest, Norway.
The vessel will be self-contained for harsh-environment operation, with living quarters accommodating up to 140 personnel.
The contract followed the signing of a letter of intent between the two parties, announced on 10 November 2017.
The project is scheduled for completion in the first quarter of 2020.
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