Hyundai Heavy Industries Awarded Kizomba Contract

Hyundai Heavy Industries has been awarded a contract valued at USD $800 million for the Kizomba-A FPSO project by ExxonMobil, on a turnkey basis. This project is the largest order HHI has ever received for an offshore FPSO project. The Kizomba field is located in the deepwater block 15 offshore Angola.

HHI teamed with Fluor Corporation and AMEC offshore to execute this world scale project. The design work will be done in Fluor's Houston office with fabrication of the hull and topsides in Ulsan, Korea. The three-company team brings world class project management, engineering of complex topsides together with the premier fabricator in the world.

The FPSO ordered has a stand alone weight 81,000 tons, is 285 meters long, 63 meters wide, and 32 meters high, and can store 2.2 million barrels of clude in its lower hull facilities while processing 250,000 barrels of crude oil per day and accommodating 100 people in its living quarters. HHI/AFD have started design immediately, entering into facilities construction next year and installing the unit in July of 2004.