Hyundai Heavy accepts orders for maritime facility worth $350 million

Hyundai Heavy Industries Co., Ltd. (HHI) announced on Feb. 19 that it has received an order for a 26,000 ton jack-up drilling rig valued at $200 million from Maersk-Sealand, Denmark, and an order from the Shell Exploration and Production Company for a 31,000+ ton Floating Production semi-submersible Unit (FPU) on a turnkey basis.

This drilling rig has dimensions of 102 meters in length, 88 meters in width, and 205 meters in height, and weighs 26,000 tons. Production will begin this month, February, and will be delivered to Maersk by December 2002. It will be manufactured on a turnkey basis, from the design stage to the materials purchasing, manufacturing, and commissioning stages.

Also, the FPU order that HHI received from Shell might be manufactured with its in-house "Onshore Deck Mating" technology and operate in the Na Kika Project in the Gulf of Mexico from December 2002.