Hyundai Wins Orders Worth $600M for O&G Rigs

hf_118673_th.jpg
South Korea's Hyundai Heavy Industries, the world's largest shipbuilder, said Monday that it has won three oil and gas rig orders worth around $600 million.
 
The largest order, for a 35,000-tonne offshore oil platform, is valued at around $400 million. The oil platform is scheduled to be delivered by August 2015. Hyundai declined to name the oil major which placed the order.
 
The other two orders are each worth around $100 million.
 
One is to build a semisubmersible drilling rig for US-based LLOG Exploration.
 
The other is to build a facility, capable of producing 200 million cubic feet of natural gas and 10,000 barrels of oil per day.
 
Hyundai won an order from Fred. Olsen Energy on May 25, 2012 for the building of a semisubmersible drilling rig with scheduled delivery in March 2015. The project cost was estimated at $700 million. The rig is designed for a water depth capacity of up to 10,000 feet.
 
 

WHAT DO YOU THINK?

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
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Callout Offshore Mechanic
Expertise: Mechanic
Location: Broussard, LA
 
Engineer/Inspector for LNG Facilities
Expertise: Design Engineer|QA / QC / Inspection
Location: Houston, TX
 
Quality Control (QC) Technician
Expertise: QA / QC / Inspection
Location: Oklahoma City, OK
 
search for more jobs

Brent Crude Oil : $55.49/BBL 2.45%
Light Crude Oil : $52.42/BBL 2.04%
Natural Gas : $3.2/MMBtu 5.04%
Updated in last 24 hours