SOUTH Korean operator Posco Daewoo has short-listed two contractors in the final race to provide front-end engineering and design services for the third phase development of its Shwe gas project off Myanmar. Well-placed sources said that Posco Daewoo has recommended McDermott of the US and South Korea's Hyundai Heavy Industries to state-owned Myanma Oil & Gas Enterprise (MOGE) for its consideration and required approval. Sources said that Hyundai is partnering with compatriot Daewoo Shipbuilding & Marine Engineering (DSME), which it is trying to acquire, in the joint bid.
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