HØVIK, Norway – DNV GL has inaugurated a joint-industry project with Hyundai Heavy Industries, Daewoo Shipbuilding and Marine Engineering, and Samsung Heavy Industries to establish new international standards for offshore oil and gas projects.
The JIP targets formalizing common and global best practices for components and equipment in an effort to minimize the number and variety of requirements. The JIP said it could result in savings of as much as 15%, or $500 million, on a typical TLP, for instance.
The JIP’s initial focus is on simple components and equipment, such as tertiary structures and bulk materials for construction, piping and electrical, and instrumentation engineering. Next year, the scope will include complete modules and equipment packages. The project will consider industry standards, company standards as well as maritime rules and approaches for standardization, said DNV GL.
“We hope this will lead to standardization that helps to reduce design periods and minimize design changes,” said Jong Bong Park, senior executive vice president and COO of HHI’s offshore and engineering division. “Other potential benefits include reduced material costs resulting from lower material purchase, manufacturing, and testing expenses. A shortening of the material purchasing lead-time would be expected as more materials could be held in stock. Surplus materials could be used in other construction projects.”