McDermott International said it has been awarded a front-end engineering design (FEED) contract by POSCO INTERNATIONAL Corporation for the Shwe Phase 3 gas field development, located approximately 70 kilometers offshore Myanmar.
Building on McDermott's work on earlier phases of the Shwe gas field development, the scope of work includes FEED services for a new compression platform, a bridge link and modifications in existing platform, the company said.
Commencing in the third quarter of 2019, the work will be undertaken in McDermott's Center of Engineering Excellence in Kuala Lumpur and is scheduled for completion in the second quarter 2020.
McDermott said the contract "sizable", which it defines as being worth between $1 million and $50 million.