Exxon Tries to Put the Worst Behind it With $20 Billion Writedown
By Jennifer Hiller HOUSTON, Nov 30 (Reuters) – Exxon Mobil Corp on Monday said it would write down the value of natural gas properties by $17 billion to $20 billion,...
The floating storage unit (FSU) Heidrun B left the Samsung Heavy Industries shipyard in South Korea in March 2015, heading for Norway.
The FSU was ordered by oil major Statoil in 2012 for US $230 million.
The storage vessel is designed to be permanently moored on the Heidrun field in the Norwegian Sea – considered to have some of the world’s worst weather conditions – for 30 years. The 250-meter long and 46-meter wide storage vessel has a capacity of 850,000 barrels of oil.
The new storage unit will replace the existing buoy loading system at the field. The new FSU will be permanently connected to a buoy and the oil will be lifted from the FSU by use of shuttle tankers.
Statoil expects to maintain production at the Heidrun field until at least 2045.
Note – Check out the Prelude FLNG, the world’s largest floating structure, in the background at :30 and :50.
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