Samsung Heavy Industries (SHI) unveiled on June 30 that it has signed a 1.17 trillion won (US$1.04 billion) deal to build two offshore platforms from Norway-based Statoil ASA.
Under the deal, SHI will provide the two offshore platforms to be deployed at an oil field Johan Svedrup located 140 kilometers off Stavanger, a port city in southwestern Norway.
The Johan Sverdrup, one of the European country's key oil fields, is estimated to hold up to 3 billion barrels of oil, covering 25 percent of Norwegian oil production in the future.
The two platforms consist of a “process platform” for refining and producing crude oil and a “riser platform” for transporting the crude oil mined at the oil well to the process platform. The weight of the process and riser platforms reaches 25,000 tons and 21,000 tons, respectively.
The platforms will be completed by 2018.