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Daewoo Shipbuilding Delivered Offshore Plant to Statoil as Scheduled

Daewoo Shipbuilding
A fixed platform built by Daewoo Shipbuilding & Marine Engineering and mounted on a barge to be delivered to Statoil departed for the North Sea on June 8.

Daewoo Shipbuilding & Marine Engineering announced on June 12 that it delivered an offshore plant to Statoil, a multinational energy company, in accordance with their contract signed in 2012.  

The total value of the project rose from US$1.8 billion to US$2.7 billion after a change in its design and specifications. By delivering it to Statoil, Daewoo Shipbuilding & Marine Engineering completed the delivery of the second one of its five offshore plants scheduled to be delivered this year.

The fixed platform is an upper structure for crude oil production, has a weight of approximately 40,000 tons, and is capable of producing 2.5 million barrels of crude oil a month. The facility, which can endure the harsh conditions of the North Sea, is slated to be built on a continental shelf in that region.

At present, Daewoo Shipbuilding & Marine Engineering’s order backlog includes 10 offshore plants, two production facilities and eight drill ships to be specific. The company is planning to deliver the rest of the five scheduled to be delivered this year by October as scheduled.

The Original Posted by Jung Min-hee/Business Korea