Hyundai Heavy Clinches 10th Drillship Order This Year

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

Hyundai Heavy Industries said today that its Korean shipyard has clinched a $530 million order from Noble Corporation for the construction of a new deepwater drillship.  The order was the second option of two included on an order placed in January by Noble.  The order represents the 1oth drillship order for Hyundai Heavy this year, the most of any shipbuilder.

The drillship is based on a Hyundai Gusto P10000 hull design and is designed for operations in waters of up to 12,000 feet.  The unit will be equipped with DP-3 station keeping, the ability to handle two complete BOP systems, and multiple parallel activity features that improve well construction and overall project efficiencies, including a heave compensated construction crane to facilitate deployment of subsea production equipment.

“[The 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.

Noble originally announced the order earlier this month pending an agreed form of construction contract.