SHI Wins KRW 1.17 trillion Order to Build 2 Offshore Platforms

abarrelfullabarrelfull wrote on 14 Jul 2015 07:04
Tags: engineering europe norway shi statoil top

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SHI announced on the 30th that it had signed a deal with Statoil worth about USD 1.17 trillion to build two offshore platforms.

Under the deal, SHI will provide the two offshore platforms to be deployed at the oil field Johan Sverdrup located 140km off Stavanger, a port city in southwestern Norway. The platforms will be completed by the end of 2018.

The two platforms consist of a “process platform” for refining and producing crude oil and a “riser platform” for transporting the crude oil extracted from the oil well to the process platform. The individual platforms weigh 25,000 tons and 21,000 tons, respectively.

One of the world’s largest oil fields, the Johan Sverdrup is estimated to hold up to 1.7 to 3 billion barrels of oil. It is believed that it will account for about 25 percent of Norwegian oil production in the future.

Meanwhile, Samsung Heavy Industries has posted nearly USD 4 billion in sales to date; this figure includes the above-mentioned deal.

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