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Hyundai Heavy Industries Delivers the World’s Largest Semi-Submersible Drilling Rig for Diamond Offshore
Hyundai Heavy Industries (HHI), the world’s largest shipbuilder and a leading offshore facilities manufacturer, today announced it delivered Ocean Greatwhite, the world’s largest semi-submersible drilling rig, to Diamond Offshore, a Houston-based drilling contractor on July 15.

The delivery installment worth 460 billion won ($395 million) HHI received from the client will help improve HHI’s cash flow. Ocean Greatwhite, measuring 123 m in length and 78 m in width, is capable of operating in waters up to 3 km deep and drilling down to a depth of 10.67 km from the sea surface. The rig will be chartered to BP for operation in the Great Australian Bight from October this year.

HHI won the order worth $630 million to build the rig in 2013 and has delivered four other drillships to the US-based drilling contractor so far.

An HHI official said, “The close cooperation between Diamond Offshore and HHI on the basis of mutual trust is what made the delivery of Ocean Greatwhite possible.”

About Hyundai Heavy Industries

Hyundai Heavy Industries (HHI), founded by the late Chung Ju-yung on March 23, 1972 wrote the first chapter of its shipbuilding history in June, 1974 by completing construction of the world's largest shipyard and two 260,000-DWT VLCCs all at the same time. A decade after its first delivery, the Hyundai Shipyard topped 10 million deadweight tons in aggregate ship production, and has maintained the leading position in the world shipbuilding market ever since. Hyundai Shipyard's drive has mirrored the growth of modern Korean heavy industry, and our success has allowed us to expand into other heavy industry areas, ultimately leading to the formation of Hyundai Heavy Industries, an integrated heavy industry company.

About Diamond Offshore

Diamond Offshore (NYSE: DO) is a leader in offshore drilling, providing contract drilling services to the energy industry around the globe.


Origine : Communiqué Hyundai Heavy Industries

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