S Korea's Hyundai wins $1.1b order

Reported by AAP
Sunday, January 20, 2013
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Hyundai Heavy Industries says it's won a $US1.1 billion ($A1.05 billion) order from Norway's Statoil ASA to install a topside facility on a spar hull being built by the South Korean company.

The world's top shipbuilder by orders said it would build the 21,000-tonne topside facility, capable of producing 23 million cubic metres of oil and gas a day, by March 2016.

Hyundai has already won an $US800 million order from Statoil to build the spar hull some 300 kilometres off the northwest coast of Norway.

The company says the cylindrical, partially submerged offshore facility will be able to store 160,000 barrels of gas condensate when it is completed in the second half of 2015.

09/10/2015 10:35Sydney, Australia. 9 October,2015