Crude Oil Production Facility Built by Hanwha Ocean Departs Geoje, Meets Deadline and Safety Standards

Order from Qatar NOC Receives High Praise for Quality, Positive Impact Expected on Future Sales Activities

A crude oil production facility manufactured by Hanwha Ocean has departed on schedule.

Hanwha Ocean is preparing a fixed offshore oil production facility it built to depart for the Al Shaheen oil field area in Qatar.

This once again proves Hanwha Ocean's outstanding offshore plant production technology and management capabilities.

Hanwha Ocean (CEO and Vice Chairman Kwon Hyukwoong) has completed the construction of a fixed platform for crude oil production, which was ordered by Qatar's North Oil Company (NOC), and it has left the Geoje shipyard after three years of construction.

This facility consists of a topside where the crude oil production equipment is installed, a jacket that secures it to the seabed, and an interconnection bridge that links it to surrounding equipment. The total weight is 34,800 tons.

The fixed production facility is the offshore equipment most frequently built by Hanwha Ocean. This latest departure marks the 31st fixed production facility constructed by Hanwha Ocean.

This project faced challenges such as delays in the delivery of key materials from overseas due to global inflation and the COVID-19 pandemic.

Nevertheless, thanks to the united efforts of all executives and employees, the facility was able to depart on schedule. In addition, the company achieved 9 million man-hours without any accidents, accomplishing both safety and timely delivery. This has once again demonstrated Hanwha Ocean's status as a leading offshore facility builder.

A man-hour refers to one worker working for one hour.

In particular, as QatarEnergy, a major player in the energy industry, has given high praise for this project, additional orders for LNG carriers and oilfield development are expected, which will likely have a positive impact on future business activities.

This project involved the largest number of overseas partners in the history of offshore construction. As the offshore market is trending towards expanding local procurement and production, this collaborative experience is expected to greatly benefit future orders.

To drive strategic change in its offshore business, Hanwha Ocean appointed Philippe Levy, former President of SBM Offshore Americas, as Head of the Offshore Business Division in April. The company is pursuing transformation into an EPCIO (Engineering, Procurement, Construction, Installation, and Operation) solution provider for offshore facilities such as FPSO and FLNG, as well as offshore renewable energy projects.

Recently, Hanwha Ocean acquired a stake in Dyna Mac, a Singapore-based specialist in the fabrication of topsides for floating offshore plants. This will enable the company to respond effectively to the growing global demand for floating offshore plants.

Philippe Levy, Head of Hanwha Ocean's Offshore Business Division, said, "I would like to thank our employees and partners for their efforts in ensuring this project departed on schedule," adding, "Hanwha Ocean will do its utmost to set and lead industry standards through innovative change."

The facility, having left the Geoje shipyard, will arrive at Qatar's Al-Shaheen oil field, the world's largest offshore oil field, after about a month-long voyage. It will undergo installation and commissioning at the local offshore site and is expected to begin full-scale crude oil production by the end of this year.

Once fully installed, the facility will be able to produce about 50,000 barrels of crude oil per day.

This content was produced with the assistance of AI translation services.