DSME wins contract for oil facilities offshore Abu Dhabi

oil facilty abu dhabi-L.C.Nøttaasen flickrThe contract is expected to expire by May 2017. (Image source: L.C.Nøttaasen/Flickr)Daewoo Shipbuilding & Marine Engineering (DSME) Company Limited has announced that it has won a US$796mn order to build oil production facilities in the Upper Zakum oilfields, located 84km offshore Abu Dhabi

The South Korean shipbuilder won the order in a consortium with Petrofac Emirates, with production facilities to be installed on artificial islands in the region.

The facility will be built for the Zakum Development Company (ZADCO), a subsidiary of Abu Dhabi National Oil Company (ADNOC), the DSME said in a statement.

The contract is expected to expire by May 2017, industry sources added.

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W: www.alaincharles.com

twn Are you sure that you want to switch to desktop version?