HHI Receives $1.94B LOA from ADMA-OPCO for the Nasr Development



South Korea's Hyundai Heavy Industries Co., Ltd. (HHI) announced Friday that it has received a Letter of Award (LOA), worth $1.94 billion, for the second package of the Nasr Full Field Development Project to build fixed platforms and to lay subsea cables offshore United Arab Emirates (UAE) from Abu Dhabi Marine Operating Company (ADMA-OPCO) July 7.

Under the LOA, HHI will undertake engineering, procurement, construction, installation and commissioning work for the super complex comprising a gas treatment platform, a separation platform, an accommodation platform.

The company will also lay 89.4 miles (144 kilometers) of subsea power and 34.1 miles (55 kilometers) infield cables as well as modify an existing manifold tower and 2 wellhead towers at the Nasr oil field, which is located 80.8 miles (130 kilometers) northwest of Abu Dhabi, UAE.

"Upon completion by the second half of 2019, the facilities will increase daily oil production capacity of the offshore field to 65,000 barrels from the current 22,000 barrels," HHI said in a press release.



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