To Be Used for Gas Field Development in Myanmar
Korea Shipbuilding & Marine Engineering (KSOE), an intermediary holding company of Hyundai Heavy Industries Group, announced on Jan. 27 that it has won a 500-billion-won gas compression platform construction project from POSCO International.
The 27,000-ton platform will be used for the third-stage development of the Shwe gas field in Myanmar, which is carried out by POSCO International.
A gas compression platform is designed to collect additional gas from a gas field where pressure has been lowered due to long gas production. KSOE will carry out the project in the engineering, procurement, construction, installation & commissioning (EPCIC) format. The platform will be installed at the Shwe gas field located in the Bay of Bengal, Myanmar in the first half of 2024.
Previously KSOE produced and delivered a gas production platform for POSCO International's first-stage development of the Shwe gas field project in Myanmar in 2013. The gas field began commercial production in 2013. It supplies about 500 million feet of gas a day to China and Myanmar. The gas field is currently in the second phase of development, which is to be completed in 2022.