Under the terms of the agreement, Technip’s engineering expertise and SHI’s semi-submersible FPS construction experience will be used to develop a new design and delivery model.

SHI earlier developed several production semi-submersibles including Jack St. Malo for the US Gulf of Mexico and Ichthys for offshore Australia.

A global configuration will also be defined in full compliance with clients’ specific project design basis.

SHI will be responsible for detail design and fabrication package at its yard while the hull will be based on Technip’s patented Heave and VIM Suppressed (HVS) semisubmersible.

Technip USA chief technology officer offshore 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."

The team expects the new design to lead to compressed design and delivery for the production systems capable of meeting the demands of operators for shorter schedules.

Additionally, the partnership covers a joint design and topsides supply for the semisubmersible systems.

Earlier, Technip and SHI have launched a consortium, known as Technip Samsung Consortium.

In July, Shell awarded two contracts to Technip Samsung Consortium to support the Browse floating liquefied natural gas (FLNG) project in Australia.