Daewoo Shipbuilding Wins $500M Order from Norway

Maritime Activity Reports, Inc.

September 22, 2005

Daewoo Shipbuilding & Marine Engineering Co Ltd has received a $500M order from Norway's Seadrill Ltd to supply a semi-submersible oil drill facility. Under the deal, the buyer can place two additional orders for drill facilities, in November and six months thereafter, which would take the total value of the contract to $1.5B Source Forbes.com
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