South Korea: DSME Secures USD 1.95 Billion Rig and Drillship Order

Daewoo Shipbuilding & Marine Engineering said on Monday that it had secured a combined $1.95 billion worth of deals.

The South Korean shipbuilder said in a statement that it had signed a $1.4 billion deal to construct an offshore natural gas platform in Australia for Chevron Corp, and a $550 million agreement to build a drillship for an unidentified firm.

Reporting by Hyunjoo Jin and Ju-min Park (Reuters)