DSME Bags Contract Worth Over $2B for Four Drilling Ships

South Korea's Daweoo Shipbuilding & Marine Engineering (DSME) said Tuesday in a regulatory disclosure that it has won an order – worth $2.07 billion – to build four drilling ships.

According to the disclosure, the vessels are scheduled to be delivered by October 30, 2016. The vessels are slated to be based in the Americas, the disclosure added.

DSME was not available to provide further details.

Earlier in August this year, DSME secured a contract worth over $1.9 billion to build five fixed oil production and processing platforms that will be used for work offshore Africa. At that time, the company stated that it was bidding in several other projects, and would be expecting more contract wins in the fourth quarter.

The company had stated in its published annual report in 2011 that it is aiming to end off its 2012 fiscal year with $11 billion worth of new orders. 

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