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ADMA-OPCO awards Hyundai $1.94bn offshore deal

: Thursday, July 17 - 2014 @ 00:35

Abu Dhabi Marine Operating Co (Adma-Opco) has awarded Hyundai Heavy Industries a $1.94bn contract to build an offshore oil and gas platform in Abu Dhabi, The National has reported. The South Korean firm will complete engineering, procurement, construction, installation and commissioning work for the Nasr oilfield, 130 kilometres off the coast of Abu Dhabi. Scheduled for completion in the second half of 2019, the facility will raise the daily production capacity of the offshore field to 65,000 barrels per day from the current 22,000 bpd.

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Thursday, July 17- 2014 @ 0:35 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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