Hyundai Heavy clinches $1.1B deal in NorwayHyundai Heavy Industries, Korea’s biggest shipbuilder, said yesterday that it has clinched a $1.1 billion deal to build a massive offshore platform in Norway.
Under the contract with Norway’s state-run Statoil ASA, Hyundai Heavy will construct a platform weighing 64,500 tons to produce and store gas in Norway’s northwestern waters of Aasta Hansteen gas field in the North Sea, according to the announcement.
The facility will have a daily 23 million ton production capacity of natural gas and crude oil, and store 160,000 barrels of natural-gas condensate, according to Hyundai Heavy.
More in Industry
Chuseok delivery strike canceled as headcount increased
BMW Motorrad channels 1936 for its latest bike
Battery business IPO won't affect LG Chem's controlling stake, company says
Hyundai Construction Equipment signs Algeria forklift deal
FSS permits financial sector workers to use networks remotely