Offshore staff ULSAN, South Korea – South Korea's HD Hyundai, formerly known as Hyundai Heavy Industries, has reportedly won a contract to build a floating production unit for an offshore project in Mexico. According to Korea's Yonhap News Agency, HD Hyundai said in a stock exchange filing that it won a deal to build an FPU for an undisclosed client in Mexico. According to the statement, the contract is worth around $1.2 billion. The FPU will be built in HD Hyundai's shipyard in the southeastern port of Ulsan and is scheduled to be delivered to the client in April 2027. Although HD Hyundai did not name the client, South Korean media outlets have reported that the client in question was Australia's Woodside – which strongly suggests that the FPU will be built for the recently approved $7.2-billion Trion project in the Perdido basin in the Gulf of Mexico.