HHI Lands Massive Offshore Deal

Hyundai Heavy Industries Co., Ltd. (HHI) has received a Letter of Award (LOA) from  Abu Dhabi Marine Operating Company (ADMA-OPCO) for the second package of the Nasr Full Field Development Project.

 A $1.94bn contract includes building of the fixed platforms, and laying of subsea cables.

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.

[mappress]
Press Release, July 11th, 2014; Image: ADMA-OPCO