Offshore project

Hyundai Heavy has announced that the Company has won a contract from a major oil company to build gas producing offshore platforms to be deployed in West Africa by the end of 2014. Under the contract, the Company will build two offshore gas platforms; one weighing 11,000tns and producing 120 million cu/ft of gas per day. The second platform will weigh 5000tns and will be able to produce 300 million cu/ft of gas per day. Hyundai Heavy, as an EPIC Contractor, will perform all the project work covering engineering, procurement, construction, installation, and commissioning on a lump sum basis.

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