Hyundai Heavy Industries Co., Ltd. (HHI) announced that a Letter of Award (LOA) has been received from Elf Petroleum Nigeria, Ltd. (EPNL), a Nigerian subsidiary of French oil company Total S.A., to build a super-large Floating, Production, Storage, and Offloading unit (FPSO). The FPSO contract is worth US $1.6 billion.
Nigeria's crude oil and condensate output came down by 100, 000 barrels per day (100kbd) from her December level of 2.2 million barrels per day (2.2 mbd).
The UK's leading supplier of subsea connection systems, BSW Ltd, is now called First Subsea Ltd, reflecting the company's growing role as an innovator in subsea connection and mooring systems for deepwater platforms, FPSOs, subsea field buoy, pipeline and turret architectures and marine energy.