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HHI bags order $2bn order for offshore units

HHI bags order $2bn order for offshore units
Ulsan: South Korea's Hyundai Heavy Industries (HHI) received a letter of award for a $1.3bn order for a floating production unit (FPU) and a $700m order for a tension leg platform (TLP) from Total E&P Congo on Tuesday.

The offshore facilities orders totalling $2bn will see HHI carry out engineering, procurement, supply, construction, and commissioning for the units to be deployed in Moho Nord field, 80 km off Republic of Congo's coast.

The 14,600-tonne vertically moored floating TLP will be used to extract oil and natural gas, and transport those to the FPU.

The 62,000-tonne FPU will process the received oil and gas, and send the products to onshore plants via subsea pipelines. The FPU has a production capacity of 100,000 barrels of oil and 2.5m cu m of natural gas per day.

The TLP and FPU will be installed at the Moho Nord field in the first half of 2015 and 2016 respectively.

TAGS: Offshore