Samsung Heavy Industries News

Arnaud Pieton, President Subsea at TechnipFMC (Photo: TechnipFMC)

TechnipFMC Wins MJ1 Subsea Contract

are BP and Niko with 30% and 10% stakes respectively. This high-pressure high-temperature (HPHT) gas field is located in water depths ranging between 1,000 and 1,200 meters and will be connected to a new floating production, storage and offloading (FPSO) facility.South Korean builder Samsung Heavy Industries is reportedly building the FPSO. The newbuild FPSO will have production capability for 450 mmcf/d gas and 30,000 b/d liquids, and it will be moored utilizing an internal disconnectable turret, according to World Energy Reports.First production is planned in the second half of 2022

Offshore: New Project Pace Quickens

example, Shell’s Prelude FLNG project was funded at just over $11 billion in 2011. However, due to engineering and fabrication challenges, development costs ballooned to an expected $15 billion – an increase of more than 36%.“These overruns caused Shell to cancel an order with Samsung Heavy Industries for three FLNG units worth $4.6 billion in 2016. So, in essence, these cost overruns prevented Shell from sanctioning several additional FLNG projects.&rdquo

Odfjell Drilling buys “Deepsea Nordkapp”

2017, will apply. The contract has a minimum value of USD 245 million, subject to certain adjustments.  The commencement of drilling operations is expected in Q2/Q3 2019.   For the purpose of the drilling contract with Aker BP, Odfjell Drilling has entered into an agreement with Samsung Heavy Industries (“SHI”) to purchase the former called drilling unit Stena MidMax (the “Unit”) for USD 505 million. The Unit is an enhanced Moss Maritime CS-60 winterized and purposely built for harsh environment areas. The Unit will meet Odfjell Drilling’s requirements for

The riser platform is one of four platforms that make up the field centre on the Johan Sverdrup field in Phase 1 of the project Photo credit Statoil

First Johan Sverdrup Topside Installed

at peak production (based on current oil price of around $70 per barrel and a production of 660,000 barrels per day), but power from shore will also make Johan Sverdrup one of the most carbon efficient fields on the Norwegian continental shelf. The riser platform topside was built by Samsung Heavy Industries in three modules, based on the design and engineering of Aker Solutions. Steel cut took place at the yard in South Korea on June 30 2016. Only 19 months later, in February 2018, the Dockwise White Marlin with two main modules on board set sail towards Norway. Three weeks later, the third

Courtesy ABS

ABS Advances Landmark Standardization JIP

companies, yards and classification societies will provide feedback on deliverables to make sure results reflect stated objectives. ABS initiated its first standardization JIP in 2015 with the three leading Korean shipyards – HHI, Daewoo Shipbuilding and Marine Engineering (DSME) and Samsung Heavy Industries (SHI) – and oil and gas and engineering companies to establish new global design standardization procedures based on relevant industry standards, international regulations and class requirements across the offshore industry. The unified offshore standardization JIP, which includes

offshore project, have more than 2500 square metres of free deck space,  Photo Statoil

Construction Begins on Johan Sverdrup Riser platform

The riser platform construction start was marked today at the Samsung Heavy Industries yard in South Korea. Project director for Johan Sverdrup Kjetel Digre (from right), project manager for the riser platform and the processing platform Ståle Nordal and head of Samsung Heavy Industries’ offshore division Younsang Won led the formal celebration of the construction start in South Korea 30 June. “As we are starting the riser platform construction we are taking another important step in delivering the Johan Sverdrup project on schedule,” says project director for Johan

ABS Spearheads Offshore Standardization JIP

and safety,” he said. “This is a humble start today and will result in significant innovation in the future.”   ABS initiated its first standardization JIP in 2015 with the three Korean shipyards – HHI, Daewoo Shipbuilding and Marine Engineering (DSME) and Samsung Heavy Industries (SHI) – and oil and gas and engineering companies to establish new global design standardization procedures based on relevant industry standards, international regulations and class requirements across the offshore industry. The unified offshore standardization JIP, which includes

Seajacks Scylla, the largest and most advanced windfarm installation jack-up ever built. (Photo: Gibdock)

Offshore Wind: Seajacks Scylla Ready to Roll

Gibdock was selected for the afloat mobilization of Seajacks Scylla, the largest and most advanced windfarm installation jack-up ever built.   Following delivery to Seajacks by Samsung Heavy Industries at the end of 2015, Scylla was discharged to Gibraltar waters from the heavylift transporter Osprey before being towed into Gibdock for reactivation works at the yard’s South Mole.   Seajacks Scylla completed reactivation in record time (five days) and departed for Great Yarmouth (UK) in preparation for starting her first contract with on the Veja Mate offshore windfarm in March

ABS Spearheads Offshore Standardization JIP

join ABS to develop new offshore design standards   ABS, a provider of classification services to the global offshore industry, has entered into a memorandum of understanding with Korean shipbuilders Hyundai Heavy Industries (HHI), Daewoo Shipbuilding and Marine Engineering (DSME) and Samsung Heavy Industries (SHI) to establish a joint industry project (JIP) with operators, drilling contractors and engineering companies to develop new international design standards for offshore oil and gas projects.   The objective of the JIP is to establish new global design standardization procedures

DNV GL has kicked off a joint industry project (JIP) with Hyundai Heavy Industries (HHI), Daewoo Shipbuilding and Marine Engineering Company (DSME) and Samsung Heavy Industries (SHI) that will establish a new international

New Standard for Offshore O&G Project by DNV GL Led JIP is Cost Saving

requirements during engineering and construction phases at South Korean shipyards present a huge challenge for operators and drive up costs. DNV GL has kicked off a joint industry project (JIP) with Hyundai Heavy Industries (HHI), Daewoo Shipbuilding and Marine Engineering Company (DSME) and Samsung Heavy Industries (SHI)  that will establish a new international standard for offshore oil and gas projects. The results could potentially cut project costs by 15%, or approximately USD 500 million for a typical TLP (tension leg platform) project, for example. The JIP aims to develop common and global

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