Hyundai bags $600m in orders

New work: Hyundai Heavy Industries has been awarded three contracts worth a combined $600 million

Hyundai Heavy Industries

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News Wires

 18 June 2012 02:39 GMT

Hyundai Heavy Industries, the world's largest shipbuilder, has won three orders worth a total $600 million to build oil and gas facilities

Hyundai said in a statement it had won a $400 million order for a 35,000-tonne offshore oil platform scheduled to be delivered by August 2015. It did not identify the oil major which placed the order.

The other two orders are each worth $100 million, Reuters reported.

One is to build a semi-submersible drilling rig for US company LLOG, which also has an option exercisable to order an additional structure.

The other is for six "land plant modules" capable of producing 200 million cubic feet of natural gas and 10,000 barrels of oil a…

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