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Statoil ASA Issues Letter of Intent to Samsung Heavy Industries Co Ltd for Construction of New Permanent Floating Storage Unit-Reuters

Thursday, 13 Sep 2012 07:02am EDT 

Reuters reported that Statoil ASA has signed a letter of intent with Samsung Heavy Industries Co Ltd to build a new permanent floating storage unit for the Heidrun field. The contract is worth approximately USD 230 million and includes options to buy two additional units. The new facility is expected to be completed in the first half of 2015. 

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