Seoul: Daewoo Shipbuilding & Marine Engineering has won a $2bn LNG-FPSO order for the first time. ?The Korean shipbuilder and France's Technip have signed a front-end engineering and design (FEED) contract for one LNG-FPSO with Malaysia's oil giant Petronas. ?When the FEED work is completed by the second half of this year, a final contract to build the facility will be inked.
The LNG-FPSO facility with an LNG processing capacity of 1 million tons a year, is expected to cost $2bn in total. ?Daewoo will build the hull side while Technip is in charge of the topside. ?Meanwhile, Daewoo is also expected to sign another $2.5bn LNG-FPSO with an annual LNG processing capacity of 3 million tons in Papua New Guniea later this year. [31/01/11]
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Maritime News to your Google News feed.
