Hyundai Heavy Industries (HHI) has confirmed a US $1.9 Bn order to build a Floating Production, Storage and Offloading unit (FPSO) for a Chevron project west of Shetland, as long predicted.
The South Korean yard will carry out engineering, procurement, and construction for the floating facility to be deployed on the deepwater Rosebank oil and gas field, 175 km northwest of the Shetland Islands.
The 99,750-tonne turret moored FPSO is scheduled to be handed over by the end of November 2016. It will be able to produce 100,000 b/d of oil and 190 MMcf/d of natural gas. It will also have storage capacity for 1.05 MMbbl of oil.
The FPSO, measuring 292 m (958 ft) in length, 57 m (187 ft) in width, and 30 m (98 ft) in depth, will be built under the NORSOK standard, applicable to offshore facilities operating in the harsh conditions of the North Sea. Currently, the Ulsan-based offshore facilities contractor is building two other FPSOs and one offshore platform specially designed to perform in the North Sea, including Total’s recently announced Moho Nord FPSO (see DI, 8 April 2013, page 6).
This order brings HHI’s new orders for this year to $5.1 Bn, already 85% of the $6 Bn annual target.
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