Thursday, 7 February 2013

Sembmarine unit to build $900m topside for North sea

SEMBCORP Marine subsidiary SMOE will build a $900-million offshore platform integrated topside, which will be bound for the Norwegian continental shelf in the North Sea.

The floating productions unit of Sembmarine signed a letter of intent with Det Norske Oljeselskap, a Norwegian exploration and production company, to undertake the engineering, procurement and construction (EPC) work of the topside.

The topsides will head to the Ivar Aasen project, 180 kilometres west from Stavanger, Norway. The project contains about 150 million barrels of oil equivalents.

SMOE will start construction in December 2013, with sail-away scheduled in March 2016.



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