ULSAN, South Korea-- Daewoo International has awarded Hyundai Heavy Industries (HHI) a $1.4 billion construction contract for the SHWE gas project offshore Myanmar.
SHWE involves development of blocks A-1 and A-3 in the Bay of Bengal, 70 km (43.5 mi) west of Myanmar. A 40,000-ton (36,287-metric ton) platform will produce and process up to 500MMcf/d of gas from fields in these blocks before transporting it to Ramree Island through a subsea pipeline. The gas will eventually be exported to China via an onshore terminal.
Under a turnkey contract, HHI will be responsible for engineering, procurement, construction, installation, and commissioning of the platform, the subsea production system, the subsea pipelines, the terminal and associated jetty and supply base.
Daewoo and HHI are due to sign the contract in mid-December with the approval of Myanmar’s government. The project is scheduled for completion by March 2013.