Hyundai Heavy bags platform deal in Malaysia

Kuala Lumpur: Hyundai Heavy Industries (HHI) announced that it has secured orders for two offshore natural gas platforms worth $700m from Hess E&P Malaysia.

The construction will start this month and will be completed by the second half of 2016.

The facilities will be installed at the Bergading offshore gas field, 150 kilometers northeast of Kota Bharu.

"A series of offshore gas exploration is expected in the Southeast Asian region in the future, and the latest order will be a key starting point to seizing similar projects," HHI said in a release. [03/07/14]

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