South Korea’s shipbuilder Hanwha Ocean has received approvals in principle (AIP) for the self-developed preliminary front-end engineering design (pre-FEED) of a standard floating production storage and offloading (FPSO) facility from the United States’ American Bureau of Shipping (ABS) and France’s Bureau Veritas (BV).
Hanwha Ocean is strengthening its competitiveness in the global Marine market by introducing its own standard offshore plant.
The standard FPSO design developed by Hanwha Ocean is 340 meters long and 62 meters wide. Its daily crude oil production is 190,000 barrels, with a storage capacity of about 2.38 million barrels of crude oil. T It is also designed to accommodate the Topside of oil and gas production facilities weighing up to 55,000 tons and measuring 17,600 m2. Thanks to its hull design, it would be able to operate for up to 20 years without re-docking.
Hanwha Ocean began pre-feed, Preliminary front-end Engineering Design in February with the goal of developing a standard FPSO that could be put into deep water in West Africa and completed it in August. This strengthened the design capability of the upper structure, where crude oil production and processing facilities are concentrated, while further enhancing the competitiveness of the hull design, which had previously been dominant.
Hanwha Ocean’s marine business division is pursuing a transformation into a provider of EPCIO (engineering, procurement, construction, installation, and operation) solutions for floating marine production facilities and marine renewable energy projects, intending to expand the marine energy value chain.
“Demand for offshore plants is expected to grow steadily in Africa and South America in the future,” said a Hanwha Ocean official. “We will accelerate our competitiveness in the global Marine market by constantly innovating technologies and developing products.”