ABS granted approval in principle (AIP) to Hyundai Heavy Industries’ (HHI) standardised design for a floating production storage and offloading (FPSO) facility.
Initially intended for operations in West Africa, HHI advises its standardised topside design is adaptive to a range of conditions, potentially offering reduced costs and shorter project timelines.
“In the current market, HHI’s standardised topside design, requested by our operators, potentially provides more affordable CAPEX with shorter project schedules – and more secure systems reliability and safety with ABS certificates, based on the stringent evaluation process,” said Seon Mook Lim, Senior Vice President, Offshore Division at HHI. “Further, this newly developed product provides great value, helping to protect profitability from engineering, procurement and construction project risks, and enabling modification to various upstream conditions of West African oil and gas fields with minimal design changes.”
HHI’s FPSO Topside Facilities Design as approved stands in accordance with the ABS 2017 Guidance Notes on Review and Approval of Novel Concepts and considers that the conceptual engineering as proposed complies with the intent of the applicable rules and standards.
Read the article online at: https://www.tanksterminals.com/storage-tanks/22102018/abs-awards-aip-to-hhis-standardised-fpso-topside/