Daewoo Shipbuilding & Marine Engineering has clinched a KRW 656.1bn ($553m) offshore newbuilding order from US energy giant Chevron.

The South Korean shipbuilder said the contract is for a field control station for the Jansz-Io gas field off north-western Australia. It will be built at the Okpo Shipyard in Geoje and is due to be delivered by September 2025.

"For the first time since 2014, we succeeded in winning orders for offshore plants for two consecutive years," a DSME official said.