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POSCO International Inks Deal with McDermott for Myanmar Gas Field

Gasoil News - Published on Mon, 11 Nov 2019

Image Source: img.koreatimes.
POSCO International has signed a design deal with McDermott International of the US for the phase three development of its gas field project in Myanmar. McDermott and Hyundai Heavy will work on basic designs for a new compression platform, bridge links between platforms and make modifications to the existing platform for the project. After finishing the basic designing, POSCO International will choose one of them as the contractor in charge of engineering, procurement, construction, installation and project commissioning next year. The value of the contract has not been disclosed.

The contract came weeks after POSCO International named McDermott and Hyundai Heavy Industries in October as FEED contractors for the phase three development.

POSCO International started the multi-field offshore gas project in 2000 in waters near the Bay of Bengal and started commercial production in 2013. Of three fields in the project, Shwe, Shwe Phyu and Mya, POSCO developed the Shwe and Mya fields in phase one and is working on phase two development of the Shwe and Shwe Phyu fields. In phase two, Shwe is expected to begin commercial gas production in 2021, followed by Shwe Phyu in 2022.

Source :

Posted By : Yogender Pancholi on Mon, 11 Nov 2019
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