Hyundai delays delivery of platform for Norwegian Arctic oil

March 26, 2014

The Korean Hyundai yard is postponing the delivery of the Goliat platform, the first oil production unit made for Norwegian Arctic waters, Barents Observer reported on March 25. Meanwhile, production in the Norwegian Sea continues to decline.

The Hyundai Heavy Industries have informed its employees that the Goliat platform will be delayed with another six months. The production unit, which is made for field licenseholder Eni, was originally to start production in the Barents Sea in late 2014. Now, production launch is unlikely to start until mid-2015, at earliest.

Copyright: Barents Observer, 2014