Daewoo Shipbuilding & Marine Engineering (DSME) is celebrating its first offshore plant order since 2014. The Korean yard has won a $200m order from Chevron to build a semi-submersible offshore platform capable of producing 75,000 barrels of crude per day in the Gulf of Mexico.
In the five years since DSME last won an offshore plant contract, the yard has been through the mill, laid low by an accounting scandal and a severe drop in orders. This year, rival Hyundai Heavy Industries moved to take over DSME, a merger that has come under heavy scrutiny in recent weeks by antimonopoly authorities across the world.
The Chevron deal takes DSME’s orders this year to $5.95bn.