Fossil energy – newbuilding
Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Wednesday it has secured a $630 million order to build a fixed offshore facility from Qatar’s oil and natural gas company North Oil Co.
The fixed platform, a type of offshore platform used for the production of oil and gas, will be used to increase the production of oil in the Middle Eastern country’s largest oil field, Al-Shaheen, Daewoo Shipbuilding said in an emailed statement.
The shipbuilder plans to deliver the offshore facility by July 2024, it said in a regulatory filing.
