1. Project Name: Venezuela’s Surface Facilities Project (Pipeline + Tank Farm + Terminal)

2. Introduction: Three packages (2 oil field storage tank + shipment terminal FEED)

3. Contract Sum: US$67,335,984 (Daewoo E&C’s portion US$33,667,992)

4. Duration: 12 months from the start

5. Implication:

- Penetration into plant FEED where developed countries such as U.S. and European engineering players dominated the market

- A step closer to winning US$10bn size EPC in the future

- Pioneered seven new countries (Morocco, Papa New Guinea, Saudi Arabia, Singapore, Indonesia, Iraq, Venezuela) in the last four years

- Additional order awards are expected with the penetration into Latin America