Hyundai’s FSO design garners ABS approval

ABS has granted approval in principle to Hyundai Heavy Industries’ design for a floating storage and offloading vessel that is intended for operations in Mexican waters.

ULSAN, South Korea – ABS has granted approval in principle (AIP) to Hyundai Heavy Industries’ (HHI Group) design for a floating storage and offloading (FSO) vessel that is intended for operations in Mexican waters.

The 2-MMbbl cargo tank capacity design was reviewed for its compliance with the ABS Guide for Floating Production Installations.

Seon Mook Lim, senior vice president, Shipbuilding & Offshore Division at HHI, said: “With these ABS certificates from the stringent evaluation process, we are very confident that HHI’s standard FSO design provides more affordable capex with more reliable system stability and safety and a firm commitment to compliance with Mexico regulatory requirement.

“Further, our newly developed product provides great value, helping to protect profitability from engineering, procurement, and construction project risks and enabling extension to conditions of the Gulf of Mexico environment, with minimal design changes.”

Source: Offshore