Arab Today, arab today hyundai heavy wins 19bn chevron order
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Hyundai Heavy wins $1.9bn Chevron order

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Arab Today, arab today Hyundai Heavy wins $1.9bn Chevron order

Seoul - AFP

Hyundai Heavy Industries, the world\'s largest shipbuilder, said Thursday it has clinched a $1.9-billion order to build offshore facilities for US multinational energy group Chevron. The shipyard said the floating oil production and storage facilities capable of producing 100,000 barrels of oil a day would be set up by 2017 in the North Sea Rosebank oil field in Britain. The order came two weeks after Hyundai Heavy won a $2.0-billion deal to build two offshore platforms for French energy giant Total. The deal with Chevron helped Hyundai Heavy clinch $5.1 billion in total orders for offshore facilities so far this year, or 85 percent of this year\'s target.

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