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Hyundai Heavy wins $1.5 bln deal in Nigeria

Tue Feb 26, 2008 9:35pm EST
 
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SEOUL, Feb 27 (Reuters) - South Korea's Hyundai Heavy Industries Co (009540.KS: Quote, Profile, Research, Stock Buzz) said on Wednesday it had won a $1.5 billion order to build floating production, storage and offloading (FPSO) platform for ELF Petroleum Nigeria Ltd.

Hyundai, the world's biggest shipbuilder, said in a filing with the Korea Exchange that the project will be completed by October 2011. (Reporting by Rhee So-eui; Editing by Keiron Henderson)

 

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