Global Leader in International Pipeline Industry News

posted in:

AMEC and Samsung form joint venture for growing offshore market

Thursday, Oct 25, 2012

AMEC, the international engineering and project management company, has formed a joint venture with Samsung Heavy Industries and Samsung Engineering to carry out the 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.

ASOG will initially be staffed by specialist staff 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.”

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.”

Source: AMEC

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Pipeline News

Pipe No.1 for South Stream’s offshore section produced in Russia 16-04-2014
PAA announces public offering of senior notes 16-04-2014
Trans Adriatic Pipeline (TAP) re-launches its procurement process 15-04-2014
Consumers Energy increases commitment to pure Michigan Business Connect and Pipeline Project landowners 11-04-2014
APAC Power T&D market and Global Planned Pipelines Outlook analyzed in new research reports 11-04-2014
Inter Pipeline announces April 2014 cash dividend 11-04-2014
Libyan rebels agree to open up 4 oil ports 08-04-2014
Plains All American Pipeline, L.P. increases distribution on limited partner units plains GP Holdings increases distribution on class a shares 08-04-2014
Logbaba project update 07-04-2014
ABB secures $175m ZADCO energy efficiency order 04-04-2014