SKorea's Hyundai wins $1.6 billion deal in Nigeria
Hyundai Heavy Industries, the world's top shipbuilder, said Wednesday it had won a $1.6 billion deal to build a floating oil rig for a French client in Nigeria.
By Agencies |
SEOUL: Hyundai Heavy Industries, the world's top shipbuilder, said Wednesday it had won a $1.6 billion deal to build a floating oil rig for a French client in Nigeria.
It said in a statement the FPSO (floating production storage and offloading) platform will be completed by late 2011 for Elf Petroleum Nigeria, a unit of France's Total.
The rig will be able to refine 160,000 barrels of crude oil and produce some five million tonnes of natural gas a day, while storing as much as two million barrels of crude, it said.
The rig will be built in an oilfield 100 kilometres (62 miles) southeast of Bonny Island, Hyundai said.
Hyundai has so far this year won deals totalling 6.7 billion dollars to build vessels and offshore plant and facilities.
It said in a statement the FPSO (floating production storage and offloading) platform will be completed by late 2011 for Elf Petroleum Nigeria, a unit of France's Total.
The rig will be able to refine 160,000 barrels of crude oil and produce some five million tonnes of natural gas a day, while storing as much as two million barrels of crude, it said.
The rig will be built in an oilfield 100 kilometres (62 miles) southeast of Bonny Island, Hyundai said.
Hyundai has so far this year won deals totalling 6.7 billion dollars to build vessels and offshore plant and facilities.
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