Thursday, October 4, 2012

[Ship Building] Daewoo hits order target

Daewoo Shipbuilding & Marine Engineering has overfulfilled its new order target this year by recently winning five drillships, including its 2012's first drillship.

The Korean shipbuilder inked one drillship from Houston-based offshore drilling company Atwood Oceanics and swept four vessels from Transocean.

At first, Atwood Oceanics announced that it placed an order for one deep-sea drillship at Daewoo through its subsidiary on September 27. Atwood signed a contract to build one DSME-12,000 drillship with Daewoo in January 2011 and added another drillship in October 2011. This recent drillship will be the third.

The drillship, to be named the Atwood Admiral, is scheduled to be delivered in the end of March 2015, at a total cost, including two blowout preventers ("BOPs"), project management, drilling and handling tools and spares, of approximately $635 million.

Meanwhile, on September 28, Transocean announced that four newbuilding deep-sea drillships will be chartered to Royal Dutch Shell for ten years and Daewoo will construct them. These vessels will be delivered from mid 2015, one by one, in six-month interval.

Therefore, Daewoo has booked one FPSO, one LNG-FPSO, six offshore platforms, five drilships, two semi-submersible rigs, four LNG carriers, four VLCCs, one product carrier, year-to-date, which cost around $11bn in total. Daewoo seems to have succeeded early achievement of 2012 target.

Published : October 2, 2012

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