Daewoo Shipbuilding & Marine Engineering Signs FPSO Contract Worth KRW 1.0948 Trillion with Brazilian State-Owned Oil Company

[Asia Economy Reporter Minwoo Lee] Daewoo Shipbuilding & Marine Engineering announced on the 14th that it has secured an order for one Floating Production Storage and Offloading (FPSO) unit from Brazil's state-owned oil company Petrobras, in collaboration with the Italian company Saipem. The total contract value is 2.6 trillion KRW, of which Daewoo Shipbuilding & Marine Engineering's portion amounts to 1.0948 trillion KRW. This represents 15.6% of last year's consolidated sales revenue.