LLOG orders floating production system at Hyundai Heavy Industries

US exploration and production company LLOG Exploration has placed an order at South Korean shipyard Hyundai Heavy Industries (HHI) for the construction of a semi-submersible floating production system (FPS).

Construction of the FPS will start in August next year and delivery is scheduled in the first half of 2021. LLOG will deploy the FPS in the Gulf of Mexico.

The total value of the contract, HHI’s first offshore contract in four years, is about $451m.

In June, HHI decided to suspend work at its offshore facility due to lack of new orders, leading to a massive cull of offshore yard workers.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
Back to top button