HHI Wins Order in Offshore Platform Project from United Arab Emirates

Source: www.gulfoilandgas.com 9/26/2006, Location: Middle East

Hyundai Heavy Industries has received an order to build offshore oil production facilities, worth at US$1.6 billion. This contract is the world's largest of offshore oil projects in value and scale recorded ever by a single company.

HHI announced that a Letter of Award (LOA) has been executed with Abu Dhabi Marine Operating Co. (ADMA-OPCO), the subsidiary of the state-run Abu Dhabi National Oil Company (ADNOC) of Unite Arab Emirates(UAE), for the Um Shaif project to build offshore oil and gas production facilities.

The project involves the construction of three fixed platforms of 40,000 tons, subsea pipelines and bridges offshore Abu Dhabi. The project will be completed by 2010 and produce 300,000 barrels of oil and 1.0 billion ft3 of natural gas a day. United Arab Emirates is the world's fourth largest oil-producing country.

The Um Shaif project is not only the largest offshore oil production facilities but also the first case to award whole project to a foreign company. HHI will carry out all phases of the project on a turnkey basis, ranging from engineering, procurement, installation to commissioning work.

With this order, HHI has achieved the new orders of US$11.0 billion in the fields of shipbuilding, offshore & engineering, industrial plant & engineering, and etc, exceeding the annual target of US$10.8 billion. HHI's Offshore & Engineering Division is now under negotiation for further projects, and its new orders are higher than the annual target.


Netherlands/Holland >>  5/24/2022 - Inspection and verification specialist IVB (Inspection Verification Bureau Ltd.) has doubled its activity in the Southern North Sea with a significant...
United Kingdom >>  5/24/2022 - The world’s largest offshore construction vessel, Allseas’ Pioneering Spirit, successfully completed delivery of the 8,500 tonne Ninian Northern platf...

Norway >>  5/9/2022 - The Petroleum Safety Authority Norway (PSA) has given Equinor Energy AS (Equinor) consent to use a water injection facility at Gudrun.

Oper...

United States >>  5/5/2022 - Petrofac, a leading provider of services to the global energy industry, and Promethean Decommissioning Company (PDC), a pure-play Decommissioning Oper...

Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

Related Articles: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.