New semisub from Technip and Samsung

France

PARIS, September 23, 2015 – French engineering company Technip along with South Korean shipbuilder Samsung Heavy Industry are developing a new semisubmersible rig design, with a “low motion” platform, the companies announced in a joint press release.

Samsung will enhance Technip’s Heave and Vortex-Induced-Motion Suppressed semisubmersible, and develop it for the international market. The new design would reduce strain on the steel risers connected to the platform, enabling the rig to drill in deeper waters than conventional semisubmersibles.

No specific clients or projects for the new design have been identified yet.

Cheaper offshore rigs have been in high demand in today’s oil prices slump. Samsung has built several semisubmersibles, including for Chevron in the Gulf of Mexico and for Inpex’s Icthys central processing facility in Australia.

“We are delighted to jointly develop this semisubmersible design for global FPS markets, in close collaboration with our partner Samsung Heavy Industries, building upon our long-term relationship on various projects such as past FPSO fabrications and the current Prelude FLNG facility.” Technip offshore chief technology officer Jim O’Sullivan said in a press release.

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