ABS awards AIP for HHI FPSO hull design

Jae-Eul Kim and Ken Richardson Jae-Eul Kim, HHI senior vice president, shipbuilding division (left) with Ken Richardson, ABS executive vice president, global offshore
Industry Database

ABS has granted Approval in Principle (AIP) to Hyundai Heavy Industries’ (HHI) floating production storage and offloading (FPSO) hull design.

The design comprises storing 2 Mbbl of crude oil in the barge-shaped hull, applying mainly shipbuilding standards, and combining offshore production facility features, such as a 25-year lifetime without drydocking, and structural reinforcement for topside structure installation.

“The Newbuilding Conversion FPSO hull design can be built for about half the cost as compared to a conventional FPSO hull,” said Jae-Eul Kim, HHI senior vice president, shipbuilding division. “In the current difficult energy market, the competitive Ready-to-Convert FPSO hull, with AIP from ABS, offers a practical approach to floating production units—enabling stakeholders to take confident financial investment decisions.”

ABS and HHI worked together with the objective of developing a technically feasible and class compliant FPSO hull design, using the latest technologies while maintaining high safety standards.

“As the offshore industry strives to design more cost-effective production units, ABS remains committed to evaluating novel designs that meet our class standards,” stated ABS executive vice president, global offshore Ken Richardson. “Awarding HHI this AIP is another example of ABS’s commitment to promoting safety in innovative concepts.”

The approval demonstrates the design substantially complies with class and regulatory requirements.

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