South Korean oil company Daewoo Posco will soon hit the market with pre-qualification documents covering a front-end engineering and design contract for the second phase of its flagship Shwe gas project, 70 kilometres off Myanmar’s Rakhine-Arakan coast.

The second phase of the Shwe project involves development of the Mya South and Shwe Phyu fields as subsea satellites linked to the phase-one central processing platform.

Daewoo