Technip SA's U.S. affiliate said Sept. 22 it has entered into an agreement with Samsung Heavy Industries Ltd. to develop a joint design of a low motion semisubmersible production platform.
Technip said the design and delivery model will leverage its proven engineering expertise along with Samsung's extensive experience in semisubmersible floating production and storage vessel (FPS) construction. It will also aim at defining a global configuration in full compliance with clients' specific project design basis, the release said.
The agreement also covers joint design and delivery of topsides for the semisubmersible systems.
The hull form to be developed is based on Technip's patented Heave and VIM Supressed (HVS) semisubmersible. It has best-in-class overall motion performance for the vital support of both top tension and steel catenary risers, the release said.
Samsung will complete the detail design and fabrication package in alignment with its own yard's efficiencies. It has fabricated several world-class production semisubmersibles including Jack St. Malo for the U.S. Gulf of Mexico and Ichthys for offshore Australia, the release said.
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