Hanwha Ocean plans to deliver all three marine plants currently under construction to customers this year. The second marine plant will complete its equipment construction at the Geoje shipyard within this month and will be moved to the site. The remaining one is scheduled for delivery in the fourth quarter.
The three units being delivered this time are the equipment ordered during the Daewoo Shipbuilding & Marine Engineering era. Since its rebranding to Hanwha Ocean in 2023, the company has not yet secured new orders for marine plants, but Hanwha Ocean expects new contracts by the end of the year.
According to the shipbuilding industry on the 5th, Hanwha Ocean's floating production storage and offloading (FPSO) project 'P-79' for the Brazilian state-owned oil company Petrobras is expected to be completed this month and sent to Brazil. This equipment was ordered in 2021 for approximately $2.3 billion (about 3.2 trillion won).
FPSO is a large-scale complex marine facility that handles the production, refinement, storage, and offloading of oil and gas at one location. After extracting oil and gas from beneath the sea, they are processed on the vessel and stored in tanks before being transported to land using tanker ships.
P-79 is set to be installed in Brazil's Búzios field, the world's largest deep-water oil field. Delivery and completion of construction are expected to take several years. P-79 is designed to produce 180,000 barrels of oil per day and store up to 2 million barrels of oil.
The control equipment for the Jansz I-o gas field, located about 135 kilometers from Barrow Island on the western coast of Australia, is also set for delivery this month. This equipment was ordered from the American energy corporation Chevron for 650 billion won. The Jansz I-o gas field is recognized as one of the world's largest natural gas development projects.
Hanwha Ocean's final marine plant construction is also progressing smoothly. The company plans to deliver one wind turbine installation vessel (WTIV) by the end of this year. The WTIV is a vessel capable of transporting and installing five 15 MW large offshore wind turbines at once. It was ordered from the offshore wind company Cadeler in 2021, and so far, a total of three WTIVs have been delivered to Taiwan.
Hanwha Ocean hopes to deliver all the marine plants ordered during the Daewoo Shipbuilding & Marine Engineering era and expects new marine plant orders by the end of the year. The company is set to be the only Korea shipbuilder participating in the upcoming tender for the Brazilian FPSO P-86 in November.