Daewoo Engineering & Construction was selected on Sept. 11 as the preferred bidder for the engineering, procurement and construction (EPC) for LNG Train 7 in Nigeria.
The project in Nigeria is to build an LNG production plant with an annual capacity of eight million tons along with auxiliary facilities. Daewoo E&C is going to lead the project as a prime contractor in charge of design, purchasing, construction and trial operation. At present, Daewoo E&C is in a joint venture with Saipem and Chiyoda and its stake in the joint venture is approximately 40 percent of the entire EPC value.
Daewoo E&C has successfully completed more than 70 construction projects in Nigeria since its first project in the country in 1978. The company already built five units of LNG Train 7 in Bonny Island while sharing mutual trust with the local community including ordering organizations. At present, about 90 LNG liquefaction plants are in operation worldwide and Daewoo E&C built more than 10 percent of them.
In addition, Daewoo E&C is currently participating in a number of tenders for LNG liquefaction plant construction in Mozambique, Qatar, Indonesia, etc. The company is planning to do so in Russia, Papua New Guinea, and so on as well.