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Statoil confirms NOK 4 bln Castberg contract to Sembcorp Marine

Friday, 10 Nov 2017 01:16am EST 

Nov 10 (Reuters) - Statoil Asa :Signs a letter of intent with Sembcorp Marine rigs & floaters pte. Ltd<<>> for construction of hull and integrated living quarters for floating production, storage and offloading (fpso) vessel that will be located on Johan Castberg field in Barents Sea​.‍Covering engineering, procurement and construction contract has a value of 4 billion Norwegian crown ($492.48 million)​.The contract will be signed at the final investment decision scheduled before Christmas.There were no Norwegian bids for the contract.Sembcorp Marine announced the deal earlier on FridaynFWN1NF1SN.