Hyundai Wins $900M Contract to Build 2 Offshore Platforms

Hyundai Heavy Industries, the world's biggest shipbuilder and a leading offshore facilities contractor, announced on Dec. 19 the company won a $900 million contract from a major oil company to build gas producing offshore platforms to be deployed in West Africa by the end of 2014.

Under the contract, the company will build two offshore gas platforms, one weighing 11,000 tons and producing 120 million cubic feet of gas per day; the second platform will weigh 5,000 tons and will be able to produce 300 million cubic feet of gas per day.

Hyundai Heavy, as an EPIC Contractor, will perform all the project work covering engineering, procurement, construction, installation and commissioning on a lump sum basis.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Expertise: Heavy Machinery Operator|Rig Mover|Truck / HGV Driver
Location: Midland, TX
Staff Project Controls Specialist (San Diego, CA)
Expertise: Planner / Scheduler|Project Controls
Location: CA 92037, United States, CA
Wireline Operators
Expertise: Heavy Machinery Operator|Slickline|Wireline
Location: Midland, TX
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours