Hanwha Ocean’s Standard FPSO design receives Approval in Principle from Bureau Veritas

Korean shipbuilder Hanwha Ocean Co., Ltd (formerly DSME) has been awarded an Approval in Principle (AiP) from Bureau Veritas Marine & Offshore (BV) for its Standard Floating Production Storage and Offloading Unit (FPSO) design, which includes the latest developments in advanced digital solutions to support more energy efficient operations.

Standard FPSO design of Hanwha Ocean measures 340 metres in length and 62 metres in width, with a crude oil storage capacity of 2.38 million barrels and a production capacity of 190,000 barrels per day. The FPSO is designed to accommodate topsides of up to 55,000 tons and 17,600 square metres, with a hull that can operate for up to 20 years without dry docking.

The FPSO will incorporate technologies such as zero-flaring, GHG monitoring, and an energy management system to comply with environmental regulations. It will also feature advanced digital solutions, including cybersecurity, digital twin, and predictive maintenance due to their complexity, use of cutting-edge tools, and their transformative potential across industries.

Hanwha Ocean’s transition to an Engineering, Procurement, Construction, Installation, and Operation (EPCIO) solution provider offers products such as FPSOs, floating liquified natural gas (FLNG)s, Offshore Renewables, and other Floating Production Units.

Alex Gregg-Smith, Senior Vice President, Asia Pacific (APA) at Bureau Veritas Marine & Offshore, said: “Bureau Veritas is pleased to have provided Approval in Principle (AiP) for standard FPSO design of Hanwha Ocean. The features of this FPSO design are impressive, showcasing Hanwha Ocean’s engineering expertise. Bureau Veritas looks forward to continuing our collaboration with Hanwha Ocean, supporting technological advancements and contributing to the development of sustainable offshore solutions.”

Engineering Manager of Standard FPSO Project and Company officials of Hanwha Ocean Co., Ltd, said: “The demand for offshore plants in West Africa, where the FPSO is being designed for deployment, is expected to grow. With this AiP award from Bureau Veritas, the development of standardized FPSOs that can be deployed in other regions, such as South America, is also expected to gain momentum. Additionally, we are fully committed to leveraging the success of this Pre-FEED design phase to secure an EPCIO contract.”