Singapore’s Sembcorp Marine has announced that subsidiary Sembcorp Marine Rigs & Floaters has signed a letter of intent with Norway’s Statoil Petroleum for the turnkey engineering, procurement and construction (EPC) of a newbuild FPSO hull and living quarters for the John Castberg filed development.
Sembcorp Marine won the deal through a tender and contract value is estimated at $490m.
The Johan Castberg Field Development project comprises of two oil fields, Johan Castberg and Havis, located about 100km north of the Snøhvit-field in the Barents Sea. The development plan includes installation of an FPSO with a pipeline to shore and an onshore oil terminal at Veidnes.
Earlier this year, Statoil started the tender process for the FPSO, which was participated in by South Korea’s Daewoo Shipbuilding Marine & Engineering, Hyundai Heavy Industries, Samsung Heavy Industries and Singapore’s Sembcorp Marine and Keppel Group.
