Photo : Johan Sverdrup RP leaving SHI Geoje shipyard

◇ Statoil platform left Geoje on February 25, 2018

◇ Zero serious injuries and timely delivery based on risk management from proven offshore EPC track record

Samsung Heavy Industries("SHI") successfuly completed the North Sea bound offshore platform within the scheduled delivery date in the original contract.

SHI revealed on February 25th 2018 that one of the two offshore platform topside modules, worth KRW 1.18 trillion together, left its Geoje shipyard.

SHI-built Johan Sverdrup topsides are for a 26,000-ton process platform and a 23,000-ton riser platform.

The newly left topside is for the riser platform. It will arrive in Norway after about six weeks to be integrated on top of the already installed jacket. The process platform is to leave Geoje in December 2018.

The riser platform is for Johan Sverdrup field located 140km west to the shore near Stavanger. The gigantic field has an estimated reserves of 2.1~3.0 billion barrels of oil.

SHI explains that this project is a clear example of successful application of the ''Samsung Lessons Learned System.'' A Samsung representative said "we allocated large number of workers with previous Statoil project experience to minimize known risks which resulted in the quickest completion of platform of the size."

SHI also put stringent focus on safety regulation to finish construction without any major injuries.

The Samsung representative said "we expect to strengthen competitive edge even more in North Sea region where new project sanctions are coming thanks to this latest success in completion of the offshore platform construction."