BP taps HHI for $1.2B FPSO on Quad 204 project West of Shetland

Hyundai Heavy Industries (HHI) signed a US $1.2 billion contract with BP to build a floating, production, storage and offloading unit (FPSO) for the Quad 204 Project West of Shetland. The sanction for the project is expected to be given in early May 2011.
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Source: Penn Energy