Marine Link
Friday, September 30, 2016

AMEC & Samsung Form Offshore Market J/V

October 25, 2012

AMEC forms a joint venture with Samsung Heavy Industries (010140.KS) & Samsung Engineering to serve the offshore energy sector.

AMEC will  carry out design engineering for fixed and floating offshore platforms, FPSOs and subsea pipelines for Samsung’s future offshore oil and gas projects.

The joint venture, which is subject to final regulatory approvals, has been named AMEC Samsung Oil and Gas LLC (ASOG). It is 51 per cent-owned by Samsung and 49 per cent by AMEC and will be based in Houston, Texas, United States. It will bring together AMEC’s world-renowned design engineering capability and extensive experience in offshore projects and Samsung’s leading project management expertise and shipbuilding technology.

Samsung intends to use ASOG for future FEED (front end engineering design) and detail design of offshore projects, which will strengthen its core competence to meet the needs of its fast-growing offshore business.

Andy Sallis, President of AMEC Oil & Gas Americas, said: “The ASOG joint venture will provide Samsung a wealth of broad-ranging and in-depth expertise for offshore projects. It is an exciting prospect and we look forward to a long and fruitful relationship.”

Mr C H Park, Chief Technology Officer of Samsung Heavy Industries, said: “We are delighted to collaborate with a leading offshore engineering firm such as AMEC. Through this dynamic partnership, we look forward to sharing our expertise and expanding our competencies and presence in this fast-growing offshore industry.” 


 



Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News