Posco lets FEED contract for Shwe Phase 3 development
Posco International Corp. (formerly Posco Daewoo) has let a front-end engineering and design contract to McDermott International Inc. for Shwe Phase 3 gas field development offshore Myanmar.
Posco International Corp. (formerly Posco Daewoo) has let a front-end engineering and design contract to McDermott International Inc. for Shwe Phase 3 gas field development offshore Myanmar. McDermott values the contract at $1-50 million.
Work includes FEED services for a compression platform, a bridge link, and modifications in existing platform. Beginning in this year’s third quarter, the work will be undertaken in Kuala Lumpur and is scheduled for completion in second quarter 2020.