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Press Release

Hyundai Heavy Wins $1.03 Billion Drillship Order

Jan. 19, 2011 - Hyundai Heavy Industries, the world's biggest shipyard, today clinched a USD 1.03 billion (KRW 1.14 trillion) order to build two new deepwater drillships for Noble Drilling Holding, LLC., a leading offshore drilling contractor for the oil and gas industry. The agreement also includes an option Noble Drilling can exercise to order two additional same class drillships.

The vessels, measuring 229 meters in length and 36 meters in width with a maximum drilling depth of 3.6 km, are scheduled to be delivered by September 2013.

Drillships Hyundai Heavy builds are equipped with a thruster canister. The canister, the housing for the thruster, helps to improve performance and efficiency because the ships don't need to be drydocked for repairs. Instead, the thruster can be lifted onto the ship through the canister to allow access.

Along with the drillship Hyundai Heavy received early January from Diamond Offshore Drilling Inc., the company has won all the three deepwater drillships ordered in the global shipbuilding market so far this year.

Hyundai Heavy has been in the spotlight of global drillship market since the delivery of its first drillship Deepwater Champion to Transocean of USA in November 2010.


*Photo: Deepwater Champion, the first drillship Hyundai Heavy delivered on November, 2010


2011-01-19

Please see Hyundai Heavy Industries Co., Ltd. (HHI) company electronic office

Contacts for Media
Tel.: +82-52-202-2342
Fax.: +82-52-202-2347
e-mail: hhiopr@hhi.co.kr

Hyundai Heavy Industries Co., Ltd. (HHI) is the world's largest shipbuilding company, headquartered in Ulsan, South Korea. It has seven business divisions: Shipbuilding, Offshore & Engineering, Industrial Plant & Engineering, Engine & Machinery, Electro & Electric Systems, Construction Equipment, and Green Energy.

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