Samsung Heavy Industries has received an engineering, procurement and construction contract worth $230m to construct a new permanent floating storage unit (FSU) for the Heidrun field in the Norwegian Sea.
The contract was issued through a letter of intent by Statoil on behalf of the licence owners, and includes options to buy two additional units.
The floating storage unit will replace the existing buoy loading system on the field, which has been on stream in 1995.
Oil from the field will be exported through a new buoy loading system consisting of two buoys and purpose-built shuttle tankers.
Shuttle tankers will be used to lift oil from the FSU, which will be permanently manned and connected to a buoy and will have a design life of 30 years.
Morten Loktu, Statoil head of the operations north cluster on the Norwegian continental shelf, said the company plans to maintain Heidrun production at least until 2045.
"To reach this goal we need robust systems on board and efficient and secure oil export solutions," said Loktu. "The new storage unit will provide such an efficient and robust oil storage solution in the Heidrun area."
Anders Opedal, Statoil head of projects, said: "The procurement process was based on competition which involved world-class pre-qualified shipyards and Samsung presented the best overall offer, meeting Statoil’s requirements for HSE, cost and quality."
The FSU will be built at Samsung’s shipyard on Geoje Island, South Korea, and is expected to be on location in the first hald of 2015.
Image: The Heidrun field in the Norwegian Sea. Photo courtesy of: Øyvind Hagen.