Hanwha Ocean Marine Plant Standardization Strategy Targets South America and West Africa Markets

*This content was translated by AI.

Hanwha Ocean has strengthened its competitiveness in securing orders by obtaining global classification society certification for a standardized marine plant model targeting South America.

This certification is expected to serve as a foundation for securing a competitive edge in the global marine plant market centered on South America and West Africa.

Hanwha Ocean received basic design review certification from American Bureau of Shipping (ABS) for its 'Standard FPSO Front-End Engineering Design (FEED).' Simultaneously, it obtained concept approval from DNV, a Norwegian classification society.

The model certified in this instance is scheduled to be applied to optimize projects in South America, where major project launches are anticipated in the future.

Previously, Hanwha Ocean developed a 'Standard FPSO Concept Design (Pre-FEED)' capable of being deployed across deep waters throughout West Africa and secured AIP simultaneously from ABS and French classification society BV in 2024.

Floating Production Storage and Offloading (FPSO) facilities are 'oil refineries at sea' that extract crude oil or gas from subsea drilling wells, refine and store them, and handle offloading to transport vessels.

A Hanwha Ocean official, speaking via telephone with this newspaper, stated: "Through obtaining certifications from ABS and DNV, we will strengthen our competitiveness in securing orders based on a differentiated standard platform in the global FPSO market and provide solutions optimized for the characteristics and requirements of each region, including South America and West Africa."

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*This content was translated by AI.