Samsung Wins Mad Dog 2 Fabrication Contract
Samsung Heavy Industries Co. Ltd., was awarded a contract to start engineering work for BP plc’s Mad Dog 2 floating production facility (FPU), the company announced on the Seoul, South Korea stock exchange on Thursday.
The Mad Dog platform will have production capacity of 140,000 barrels per day, BP reported when it announced last month that the Mad Dog 2 project would move forward. Located in the deepwater Gulf of Mexico, the Mad Dog 2 project was approved after the platform’s design was simplified and standardized to reduce project costs by 60 percent to $9 billion.
Samsung also reported it had won an order from ENI Corp. for the Coral floating liquefied natural gas project (LNG) in Mozambique. The company said it was awarded the contracts due to its experience with the engineering and construction of FPUs and the large marine projects such as Prelude LNG.
In November, Mozambique’s National Hydrocarbons Company approved the investment plan for the Coral South offshore gas project, which ENI is leading.
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