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Samsung Heavy to build $230 mln Statoil storage unit
September 13, 2012 / 11:20 AM / 5 years ago

Samsung Heavy to build $230 mln Statoil storage unit

OSLO, Sept 13 (Reuters) - Norwegian oil and gas firm Statoil has signed a letter of intent with Samsung Heavy Industries to build a new permanent floating storage unit for the Heidrun field, Statoil said in a statement on Thursday.

The contract is worth around $230 million and includes options to buy two additional units. The new facility is expected to be completed in the first half of 2015. (Reporting by Balazs Koranyi)

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