Hyundai Heavy Industries has signed a Front End Engineering Design (FEED) contract for Total-led Moho Nord TLWP (Tension Leg Wellhead Platform) project in Congo.
Hyundai-Doris consortium is highly likely to pencil down a firm EPC contract, valued at around $1bn, in the first quarter of 2013, after conducting six-month FEED.
The TLWP is scheduled for delivery in 2015 and starting operation in 2016.
Meanwhile, there will be a bid for FEED contract of a floating production unit (FPU) for Moho Nord project, totalling about $1.5bn, during the next month.
Published : September 4, 2012
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