Hyundai Heavy Industries (HHI) has announced it won a US$1.9 billion order to build a Floating Production Storage and Offloading unit (FPSO) for Chevron North Sea Ltd.
Hyundai Heavy will carry out engineering, procurement, and construction for the floating offshore facility to be deployed in the Rosebank oil & gas field, 175km 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 bbl of oil and 190 million scf/d of natural gas. It will also have storage capacity for 1.05 MMbo.
The FPSO, measuring 29 m in length, 57m in width, and 30m 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, South Korea-based offshore facilities contractor is building two other FPSO units and one offshore platform specially designed for the North Sea.
Today’s order brings the HHI’s new orders for this year to US$5.1 billion, 85% of the US$6 billion annual target.