Hyundai Heavy Wins $900M Contract Offshore West Africa

Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder and a leading offshore facilities contractor, announced today the winning of a USD $900M contract from a major oil company to build gas-producing offshore platforms offshore West Africa by the end of 2014.

Under the contract, HHI will build two offshore gas platforms; one weighing 11,000 tons and producing 120 million cubic feet of gas per day.  The second platform will weigh 5,000 tons and will be able to produce 300 million cubic feet of gas per day.

HHI, as an Engineering, Procurement, Installation, and Commissioning (EPIC) contractor, will perform all the project work on a lump sum basis.

Hyundai Heavy has a proven history in providing the expertise required for such a project having recently just delivered the largest gas platform ever for the gas fields offshore Australia.