Hyundai Heavy Industries awarded $86 million pipeline contract
Korean Hyundai Heavy Industries (HHI) has been awarded a $86 million contract from Total Indonesia to build and install a 55-kilometer long subsea pipeline in the Sisi & Nubi gas field located in the southeast sea of Borneo island by 2007.
So far this year, HHI’s offshore and engineering division has secured contracts for other offshore structures and pipeline projects totaling $1.7 billion.