Hyundai Heavy Industries (HHI) has received a Letter of Award (LOA) from Elf Petroleum Nigeria Ltd (EPNL), a subsidiary of French oil company Total, to build a super-large floating, production, storage and offloading unit (FPSO).
A total of US$1.6 billion is being invested in the FPSO contract. The FPSO will measure 320 metres in length, 61 metres in width, 32 metres in depth and weigh 114,000 tons.
The FPSO will be completed by the end of 2011. It will be located in the Usan Field, which is in waters 750 metres deep, 100 kilometres southeast of Bonny Island in Nigeria.
HHI will carry out all phases of the project on a turnkey basis, from the engineering, procurement and construction, to the test runs.
"The FPSO is a high value-added facility that requires advanced technology in the engineering, construction and installation of its precision instruments," said a HHI statement.
HHI has completed at least one super-large FPSO every year since 1997, including the Kizomba A and B FPSOs for ExxonMobil, the Plutonio FPSO for BP, and the Akpo FPSO for Total.
HHI has received five consecutive orders from Total since 2005, when it won the first Akpo FPSO order. HHI's Offshore & Engineering Division is now also in negotiations for further projects in West Africa and the North Sea, the company release added.
|
