ULSAN, South Korea – Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI), and Daewoo Shipbuilding and Marine Engineering (DSME) recently held a meeting for an offshore design standardization JIP with American Bureau of Shipping (ABS) in Houston.
Representatives attended from ConocoPhilips, Technip, and Mustang.
The three South Korean shipbuilders agreed to join forces to standardize materials, design, and procedures of offshore facilities, which currently vary by project and client, by the first half of 2016.
In the absence of common rules for equipment lists, design and work procedures, offshore facilities contractors and clients have all faced increases in the volume of materials needed and material procurement costs, HHI said, and delays to projects with specific procedures.
The South Korean trio has also been working on standardization with DNV GL since May to further broaden their standardization work with Lloyds Register and Bureau Veritas, and to compile common ISO rules.
Choi Kil-seon, chairman and CEO of HHI, said: “Standardization of offshore design is an essential move to ease material cost increases and project delays, and to enhance our competitiveness in the global offshore market. We hope that the standardization will help lower the entry barrier of domestic offshore facilities equipment manufacturers in the global market.”
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