USA: Hyundai Heavy Indus wins US$600m orders for oil, gas rigs

Hyundai Heavy Industries (HHI), the world's largest shipbuilder in South Korea, has won three orders worth a total US$600 million to build oil and gas rigs.

Hyundai Heavy had won a US$400 million order for a 35,000-tonne offshore oil platform scheduled to be delivered by August 2015.

The other two orders are each worth US$100 million. One is to build a semi-submersible drilling rig for LLOG of the United States, which 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 day for an unnamed U.S. oil major, with scheduled delivery in June 2015