Hyundai Heavy Industries (HHI), the world's biggest shipbuilder and leading offshore facilities contractor announced the Company, as a sole EPIC contractor, won a USD 1.1 billion order for the topside facility to be installed on the Aasta Hansteen spar hull, also being built by HHI, from Statoil on January 18.

The 21,000-ton topside facility, capable of producing 23 million cbm of oil and gas per day, will be installed in the Aasta Hansteen field, 300 km off the coast of Norway in 2016. The offshore facility will be built with the assistance of the engineering company, CB&I in The Hague Netherlands and suppliers in Europe under the NORSOK standard that is applicable to offshore facilities operating in the harsh conditions of the North Sea.

Hyundai Heavy Industries previously won an order from Statoil to build the Aasta Hansteen spar hull. The cylindrical, partially submerged offshore production platform, measuring 195 m in total hull height, will be able to store 160,000 barrels of condensate when it begins operation.

Mr. Kim Jong-do, chief operating officer of Hyundai Heavy¡¯s Offshore &Engineering Division said, ¡°I believe our long experience in the offshore facility field will continue to give us an edge in winning orders from the Middle East, Australia, West Africa, and the North Sea.

The Ulsan, South Korea-based company, has constructed the most (11) ultra-large floating, production, storage and offloading units (FPSO units capable of holding more than 2 million barrels of oil) in the world. The Company is currently building two other FPSO to be deployed in the North Sea.