Daewoo Shipbuilding & Marine Engineering Co Ltd said on Monday it had won an 897 billion won ($796m) order to build oil production facilities in the Upper Zakum oil fields for the Zakum Development Company (ZADCO), a subsidiary of Abu Dhabi National Oil Company.
The South Korean shipbuilder said in a statement that it had won the order in a consortium with Petrofac Emirates, with production facilities to be installed on artificial islands in the region.
The contract is expected to expire by May 2017.
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