Hyundai Heavy wins $1.9bn order from Chevron

SEOUL: Hyundai Heavy Industries, the world's largest shipbuilder, said Thursday it has clinched a $1.9 billion order to build offshore facilities for US multinational energy group Chevron.

The shipyard said the floating oil production and storage facilities capable of producing 100,000 barrels of oil a day would be set up by 2017 in the North Sea Rosebank oil field in Britain.

The order came two weeks after Hyundai Heavy won a $2.0 billion deal to build two offshore platforms for French energy giant Total.

The deal with Chevron helped Hyundai Heavy clinch $5.1 billion in total orders for offshore facilities so far this year, or 85 percent of this year's target.