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Statoil selects Sembcorp Marine for FPSO

Statoil Petroleum has signed a Letter of Intent (LoI) with Sembcorp Marine for a $490m FPSO hull and living quarters.

The LoI was signed with Sembcorp Marine Rigs & Floaters following a tender for the turnkey EPC on a newbuild FPSO hull and living quarters by Statoil. The FPSO would be for Johan Castberg field development.

The contract value is estimated at $490m should Statoil proceed with the newbuilding.

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