Oil Construction

Daewoo Shipbuilding & Marine Engineering (DSME) said on February 21 that it has been awarded the contract for a fixed-platform topside unit for oil production by Norwegian state-owned oil company Statoil.

The value of the contract is about US$ 1.1 billion (about 1.2 trillion won). DSME will fabricate this marine structure at Okpo Shipyard located in South Korea’s southern island Geoje-do, and then install it in the Norwegian offshore oil field by the end of 2016.

After being installed in the Dagny field on the Norwegian continental shelf, the 17,000-ton fixed platform will be able to produce 63,000 barrels of crude oil and 90,000㎥ of natural gas per day.

Given the fact that the structure will be operated in harsh and severely cold weather conditions of the North Sea region, DSME will build it in accordance with the tricky regional construction regulations. In this regard, the company will cooperate with local engineering companies including Aker Solutions and Aker MMO.

In the meantime, DSME broke the record of US$ 10 billion-orders for construction of marine structures last year, for the first time in the global shipbuilding industry. And, this year, the company has secured a total of US$ 2.7 billion orders from the maritime construction sector until now.

A source from DSME said, “It is essential to have comprehensive project management capabilities if you want to successfully implement the whole process of constructing high-value added marine structures, from designing to test-running. We will keep trying to win orders for offshore platforms based on our successful experience of construction and delivery of more than 30 fixed-platform units.”

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