While smaller JIPs have formed to address standardization issues, the number of companies participating in this partnership constitutes an industry “first,” bringing together leaders from a broad range of companies with the common goal of improving consistency and reducing construction inefficiencies.

“The MOU we are signing today is a confirmation that we are in agreement that standardization has the potential to bring significant value to the industry and that we want to be part of the solution” ABS COO Tony Nassif said.

“I congratulate you on your foresight and am excited about the prospect of working with you to map the way forward for standardization in the offshore industry.”

Robert Patterson, Executive Vice President, Engineering, Shell Projects & Technology, sees the formation of this JIP as an important move toward closer collaboration that will move the initiative forward at a more rapid rate.

“This is the critical first step, and it will take some real ‘stickiness’ from all of us to go from signing to delivery,” he said.

“I want to congratulate you for having the vision, the courage, the boldness and the willingness to change because that is what will make this a success.”

Kil-Seon Choi, Chairman and CEO of Hyundai Heavy Industries (HHI), also is enthusiastic about the potential impact of this JIP.

“This effort will be indispensable in serving the oil and gas industry. Not only will it address cost and time savings, it will help to secure quality, reliability and safety,” he said. “This is a humble start today and will result in significant innovation in the future.”

ABS initiated its first standardization JIP in 2015 with the three leading Korean shipyards – HHI, Daewoo Shipbuilding and Marine Engineering (DSME) and Samsung Heavy Industries (SHI) – and oil and gas and engineering companies to establish new global design standardization procedures based on relevant industry standards, international regulations and class requirements across the offshore industry

Source: ABS