French engineering company Technip and South Korean shipbuilder Samsung Heavy Industries (SHI) have signed an agreement to develop a new design for a low-motion semisubmersible production platform.

The agreement is aimed at establishing a design and delivery model that leverages the engineering expertise of Technip, as well as SHI’s experience in constructing semi-submersible FPS.

Under the agreement, SHI will complete the detail design and fabrication package.

"The hull form has an in-class overall motion performance to order to support top tension and steel catenary risers."

Technip offshore chief technology officer Jim O’Sullivan said: "While our expertise covers a full range of offshore facilities, 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."

Set to be developed based on Technip’s Heave and VIM Suppressed (HVS) semisubmersible, the hull form has an in-class overall motion performance to order to support top tension and steel catenary risers.

The partnership between Technip and SHI is also aimed at delivering topsides for the semisubmersible systems.

SHI has also fabricated production semi-submersibles that include Jack St Malo and Ichthys for the US Gulf of Mexico and offshore Australia respectively.