Hyundai Heavy clinches $1.1B deal in Norway

Home > Business > Industry

print dictionary print

Hyundai Heavy clinches $1.1B deal in Norway

Hyundai 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.

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
s
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now