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S.Korea's Daewoo wins $1.8 bln order from Norway

This file illustration photo, provided by Norwegian energy giant Statoil, shows one of its oil rigs, in the North Sea, pictured on October 18, 2011. South Korea's Daewoo Shipbuilding and Marine Engineering said on Tuesday it had secured a 1.9 trillion won ($1.8 billion) order to build a fixed platform for Statoil.

South Korea's Daewoo Shipbuilding and Marine Engineering said on Tuesday it had secured a 1.9 trillion won ($1.8 billion) order to build a fixed platform for Norway's Statoil ASA.

Daewoo said it would complete the 31,000-ton offshore platform for the production of oil or gas by the end of 2016.

The platform capable of producing 80,000 barrels of crude a day would be installed on the continental shelf in the British sector of the North Sea, it said.

The shipbuilder said it had won a total of $12.7 billion in orders so far this year, including the platform.