Daewoo Shipbuilding wins $630 million order for offshore platform

Energy Disrupter

Fossil energy – newbuilding

Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Wednesday it has secured a $630 million order to build a fixed offshore facility from Qatar’s oil and natural gas company North Oil Co.

This photo provided by Daewoo Shipbuilding & Marine Engineering Co. (DSME) on Wednesday, shows a fixed platform built by DSME.

The fixed platform, a type of offshore platform used for the production of oil and gas, will be used to increase the production of oil in the Middle Eastern country’s largest oil field, Al-Shaheen, Daewoo Shipbuilding said in an emailed statement.

The shipbuilder plans to deliver the offshore facility by July 2024, it said in a regulatory filing.

Original Source: https://ocean-energyresources.com/2021/07/15/daewoo-shipbuilding-wins-630-million-order-for-offshore-platform/