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.

Have a news tip? Share it with Rigzone!
Email news@rigzone.com


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

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  GLA is 'Single Accumulation', Largest ... (Mar 27)
 -  Software Developer Mltech Completes Fi... (Mar 27)
 -  Aberdeen City Council Lifts Finance Ba... (Mar 27)
 -  Total-Borealis-Nova JV to Build Ethane... (Mar 27)
 -  Shell to Sell Gabon Onshore Assets for... (Mar 24)

Most Popular Articles

From the Career Center
Jobs that may interest you
Mechanical Integrity Engineer
Expertise: Mechanical Engineering
Location: Houston, TX
Furnace Engineer
Expertise: Installation Engineer|Mechanical Engineering
Location: Baytown, TX
Structural Designer
Expertise: Structural Engineering
Location: Tallahassee, FL
search for more jobs

Brent Crude Oil : $50.8/BBL 0.47%
Light Crude Oil : $47.97/BBL 0.56%
Natural Gas : $3.08/MMBtu 0.98%
Updated in last 24 hours