Daewoo Shipbuilding awarded $633.6m offshore plant Contract in Qatar

Image Courtesy: DSME

Daewoo Shipbuilding & Marine Engineering (DSME), South Korea  announced in a statement that, it had won an order for a fixed platform contract from Qatar.

The value of the contract is about KRW 725.3 billion (USD 633.6 million)

The Project was awarded by North Oil Company (NOC) of Qatar.

The facility ordered this time is to increase oil production in the Al-Shaheen field, the largest oil field in Qatar.

The Al Shaheen Oil Field is a production oil and gas field off the north east coast of Qatar in the Persian Gulf, 80 kilometres north of Doha.

The facility consists of a topside, a jacket, and an interconnection bridge with other facilities.

Construction will be completed by the second half of 2023, and it is scheduled to depart for Al Shahin Field, Qatar.

This year, Daewoo Shipbuilding & Marine Engineering (DSME) will build a total of 40 ships/units worth about USD 6.13 billion, including 16 container ships, 11 ultra-large crude oil carriers, 9 ultra-large LPG carriers, 1 LNG carrier, 1 WTIV, and 2 offshore plants. By winning the plant order, DSME achieved about 80% of this year’s target of $7.7 billion, statement said.

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