Hyundai Heavy Industries Wins $1.94 Billion Offshore Order in UAE
Nov. 12, 2014 - Hyundai Heavy Industries Co., Ltd. (HHI), the world’s biggest shipbuilder and a leading offshore facilities contractor, announced today that it signed a contract for a $1.94 billion order for the second package of the Nasr Full Field Development Project from Abu Dhabi Marine Operating Company (ADMA-OPCO).
As per the contract, 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; modifying an existing manifold tower and two wellhead towers in Nasr oil field, 131 km northwest of Abu Dhabi, UAE and work for Power Distribution Facilities from existing DAS Island to super complex.
Scheduled to be completed within the first half of 2019, the facilities which are to be installed 131 km northwest off Abu Dhabi City will increase the daily oil production capacity of the offshore field to 65,000 barrels from the current 22,000 barrels.
Photo: Signing Ceremony for Nasr Full Field Development Project between Hyundai Heavy Industries and ADMA-OPCO
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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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