Amec has forged a joint venture with Samsung whereby the UK company will perform the design engineering for fixed and floating offshore platforms, floating production, storage, and offloading vessels (FPSOs), and subsea pipelines for the Korean group’s future offshore oil and gas projects.
The JV with Samsung Engineering and Samsung Heavy Industries has been named Amec Samsung Oil & Gas (ASOG). It is 51% owned by Samsung and 49% by Amec and will be based in Houston.
Samsung said the JV will bring together Amec’s 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 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.
The JV will initially be staffed by specialists seconded from the parent companies but it will also recruit externally with the aim of employing up to 500 people by 2018.
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.”
Amec has worked in harness with Korean companies in the past, notably during its involvement with the Sakhalin II development in the Russian Far East when platform topsides were built by Samsung.
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