Samsung wins $890 million platform deal for Sverdrup field
By Bloomberg
Samsung Heavy Industries Co. Ltd. won a 7 billion kroner ($890 million) contract from Statoil ASA for two platform decks at the Johan Sverdrup field, Norway’s biggest offshore development in decades.
Samsung Heavy got the fabrication contract for the decks on the process and riser platforms for the North Sea field, which is due to start production at the end of 2019, Stavanger-based Statoil said Tuesday in a statement. The decks will be built at Samsung’s shipyard in South Korea, it said.
“Samsung has extensive experience in manufacturing such installations and we already have a good collaboration with the supplier,” Margareth Oevrum, Statoil’s executive vice president for technology, projects and drilling, said in the statement. “They have provided a competitive bid in a tough international competition.”
Statoil, the field’s operator, has now awarded contracts for all four platform decks, with Norway’s Kvaerner ASA and Aibel AS previously winning bids for the accommodation and drilling platforms, respectively. Total investments in the project’s first phase are estimated at 117 billion kroner.
“We must acknowledge that this industry is an international industry with tough, international competition,” Norway’s Petroleum and Energy Minister Tord Lien said in an interview. “I’m very happy to see that two out of four topsides were won by Norwegian yards.”