Statoil orders new FSU for Heidrun field in the North Sea

Offshore staff

STAVANGER, Norway – Statoil (OSE:STL; NYSE:STO) has issued a letter of intent to Samsung Heavy Industries to build a new permanent floating storage unit for Heidrun field in the Norwegian North Sea. The FSU will replace an existing buoy loading system.

The $230-million contract includes options for two additional units. Samsung will carry out engineering, procurement, and construction services and has applied its own vessel design to meet Statoil's requirements.

The new FSU will permanently connect to a buoy, and oil will be lifted from the FSU by shuttle tankers. The FSU will be permanently manned and has an expected design life of 30 years.
The unit will be built by Samsung at Geoje Island, Republic of Korea. Engineering starts immediately and the unit is expected on location at Heidrun in the first half of 2015.

9/13/2012

 

Heidrun field platform
Platform at Heidrun field in Norwegian North Sea. Photo by Øyvind Hagen.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...