Middle East

ADMA-OPCO signs for four platforms worth $1.94bn

Dubai: Hyundai Heavy Industries, the giant Korean shipbuilder, has won a $1.94bn order to build four offshore oil production platforms and to lay undersea cables in the United Arab Emirates.

Under the deal signed with Abu Dhabi Marine Operating Company, or ADMA-OPCO, the shipbuilder will be constructing a gas treatment platform, a separation platform, an accommodation platform and an all-purpose structure to be set up in Nasr oil field, some 131 km northwest of Abu Dhabi.  [14/07/14]

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