Technip, SHI To Develop Low-motion Semisubmersible Production Platform

While opening its consultation process to axe jobs in Aberdeen, Technip announced it is partnering with Samsung Heavy Industries (SHI) to design low motion semisubmersible production platform.

Under the terms of the agreement, Technip will provide its engineering expertise, while SHI will put on the table its experience with semi-submersible FPS construction to develop a new design and delivery model. 

‘While our expertise covers a full range of offshore facilities, we are delighted to jointly develop this semisubmersible design for global FPS markets, in close collaboration with our partner Samsung Heavy Industries, building upon our long-term relationship on various projects such as past FPSO fabrications and the current Prelude FLNG facility’ Technip USA chief technology officer offshore Jim O’Sullivan commented on Tuesday.

The cooperation is not only important on a technological level, but it is even more relevant from a strategic perspective, as it indicates how companies could team up to develop new technologies in a low-price environment.

Earlier this year, Technip and Samsung consortium won two contracts by Shell for the Browse floating liquefied natural gas (FLNG) project in Australia.

On Wednesday, Technip UK is consulting with its subsea workforce over up to 80 job losses at its Westhill base on the outskirts of Aberdeen, BBC reported.