Arab Today, arab today south korea shipbuilder hyundai wins 2 bn french order
Last Updated : GMT 07:41:37
Arab Today, arab today
Arab Today, arab today

South Korea shipbuilder Hyundai wins $2 bn French order

Arab Today, arab today

Arab Today, arab today South Korea shipbuilder Hyundai wins $2 bn French order

Seoul - AFP

Hyundai Heavy Industries, the world\'s largest shipbuilder, said Tuesday it had won a $2.0 billion order to build two offshore platforms for French energy giant Total. Under the deal with Total\'s Congo unit, the South Korean company will build and deliver by early 2016 a drilling platform and a floating oil and gas production platform, Hyundai said in a statement. The two platforms will operate at Moho Nord field 80 kilometres (50 miles) off the southwestern coast of Congo, Hyundai said, adding the field is believed to have a crude oil reserve of about three billion barrels. The oil and gas production platform can produce 100,000 barrels of oil and 2.5 million cubic square of natural gas a day, it said. The world\'s top shipbuilder said it aimed to win orders worth $6.0 billion for offshore platforms in 2013 and has won $3.2 billion in such orders so far this year.

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