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Press Release

Hyundai Heavy Clinches USD 1.9 Billion FPSO Order

April 11, 2013 - Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder and a leading offshore facilities contractor, today announced it won a USD 1.9 billion order to build a Floating Production Storage and Offloading unit (FPSO) for Chevron North Sea Ltd.

Hyundai Heavy will carry out engineering, procurement, and construction for the floating offshore facility to be deployed in the Rosebank oil & gas field, 175 km northwest of the Shetland Islands.

The 99,750-tonne turret moored FPSO is scheduled to be handed over by the end of November 2016. It will be able to produce 100,000 barrels of oil and 190 million standard cubic feet of natural gas per day. It will also have storage capacity for 1.05 million barrels of oil.

The FPSO, measuring 292 m in length, 57 m in width, and 30 m in depth, will be built under the NORSOK standard, applicable to offshore facilities operating in the harsh conditions of the North Sea. Currently, the Ulsan, South Korea-based offshore facilities contractor is building two other FPSO and one offshore platform specially designed to perform in the North Sea.

Today’s order brings the HHI’s new orders for this year to USD 5.1 billion, 85% of the USD 6 billion annual target.

Photo
 - 3D Model of Rosebank FPSO


2013-04-15

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

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Tel.: +82-52-202-2342
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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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