Hyundai Heavy Industries Wins USD 1.94 Billion Offshore Order in UAE
Hyundai Heavy Industries Co., Ltd. (HHI), the world’s biggest shipbuilder and a leading offshore facilities contractor, announced today that it received a Letter of Award (LOA) for a USD 1.94 billion order for the second package of the Nasr Full Field Development Project to build the fixed platforms and to lay subsea cables from Abu Dhabi Marine Operating Company (ADMA-OPCO) on July 7, 2014.
As per 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; laying 144 km subsea power and 55 km infield cables; and modifying an existing manifold tower and two wellhead towers in Nasr oil field, 130 km northwest of Abu Dhabi, UAE.
Upon completion by the second half of 2019, the facilities will increase the daily oil production capacity of the offshore field to 65,000 barrels from the current 22,000 barrels.
Photo: Umm Shaif Offshore Oil Production Facilities HHI Awarded from ADMA-OPCO in 2006
Please see Hyundai Heavy Industries Co., Ltd. (HHI) company electronic office
Contacts for Media
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.
Company press releases