Saturday, December 18, 2010

S Korean Daewoo Shipbuilding wins $1.3 bil deal to build gas platform

Seoul (Platts)--16Dec2010/611 am EST/1111 GMT

South Korea's Daewoo Shipbuilding and Marine Engineering, the world's second-largest shipbuilder, has won a $1.3 billion deal with US energy firm Chevron Corp. to build an offshore gas-producing platform, the company said Thursday.

Under a preliminary contract signed with Chevron, Daewoo is to deliver the platform in second-half 2014. The platform will be able to handle 55 million cubic meters of gas a day.

Daewoo's local rival, Samsung Heavy Industries, also said that it has clinched a $550 million deal to build a drillship. Under the deal with Pride International of the US, Samsung Heavy will deliver the vessel used to explore oil in deep waters by 2013.

--Charles Lee,

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