Hyundai nets Moho Nord TLWP

South Korea: Hyundai Heavy Industries has landed a major engineering and fabrication contract to supply a tension-leg wellhead platform for Total’s $10 billion Moho Nord project off Congo-Brazzaville.

HHI

By IAIN ESAU and TAN HWEE HWEE London and Singapore

 30 August 2012 22:59 GMT

HYUNDAI Heavy Industries has stolen a march on its South Korean rivals by landing a major engineering and fabrication contract to supply a tension-leg wellhead platform for Total’s $10 billion Moho Nord project off Congo-Brazzaville.

Industry sources said Hyundai is set to begin a six month front-end engineering and design exercise that will then develop into an engineering, procurement and construction contract covering the TLWP.

Project watchers said Hyundai’s win now puts it in pole position to land a turnkey contract to build Moho Nord’s floating production unit, which is the subject of a separate bidding exercise.

A partnership of Hyundai and Doris Engineering beat Samsung Heavy Industries with Modec to land the TLWP deal, after Total had earlier removed two other groups from the original bid list…

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