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Press Release

Hyundai Heavy Wins USD 530 million Drillship Order

Sep. 22, 2011 - Hyundai Heavy Industries, the world's biggest shipyard, today clinched a  USD 530 million order to build a new deepwater drillships for Noble  Drilling Holding, a leading offshore drilling contractor for the oil and gas industry.

The order is the second of two options Noble Drilling Holding exercised from the contract the company signed with Hyundai Heavy this January. The  order was for two drillships with two options for two more of the same  class.

The 10th drillship Hyundai Heavy won this year, measuring 229m in length  and 36m in width with a maximum drilling depth of 12km from the surface of  sea, is scheduled to be delivered by the end of 2014.

"Drillships Hyundai Heavy builds presents a variety of technical  advantages including optimized ship design and the world's deepest  drilling capacity," said Mr. David Williams, Chairman of Noble Drilling  Holding.

 Hyundai Heavy has won orders for 10 drillships this year, the most of any  shipbuilder.

*Photo: Chairman of Noble Drilling Holding Mr. David Williams and Senior  Executive Vice President & CEO of Hyundai Heavy Mr. Kim Oi-Hyun


2011-09-26

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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