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DSME, a subsidiary of Daewoo, said the North Oil Company or NOC of Qatar has awarded it the contract
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As part of this contract, DSME will reportedly set up a fixed platform in the Qatar’s largest Al-Shaheen oil field
Korean-origin Daewoo Shipbuilding & Marine Engineering was quoted by local reports as saying on Monday, July 19, that it had received an order worth KRW725.3 billion ($633.6 million) for a project in Qatar.
The reports quoted this subsidiary of Daewoo as saying that the North Oil Company or NOC of Qatar had awarded it the contract.
As part of this contract, DSME will reportedly set up a fixed platform in the Qatar’s Al-Shaheen oil field.
The scope of work includes a topside, a jacket, and an interconnection bridge with other facilities, said the Korean group, which is one of the “big three” in the East Asian country’s shipbuilders. The other two are Hyundai and Samsung.
DSME was quoted in by a statement as saying that construction on the fixed platform would be completed by the second half of 2023.
According to the NOC, the Al-Shaheen oil field, “situated off the north east coast of Qatar, is one of the largest and most complex of its kind in the world.”
The company also says of the field that its capacity of 100 million barrels per annum makes up for 45% of Qatar’s annual oil production.