Gate Energy & Hd Hyundai Heavy Industries Enter Strategic MOU for Offshore EPC & Commissioning Collaboration

Published: 2025-05-20 16:50:20 ET 329180.KS

Published on 05/20/2025 at 16:50

GATE Energy and HD Hyundai Heavy Industries have signed a Memorandum of Understanding formalizing their intent to collaborate on offshore energy infrastructure projects, marking a strategic alignment between two leaders in engineering, procurement, construction, and commissioning (EPCC). Under the MOU, the two companies will jointly pursue Engineering, Procurement, Construction, and Installation (EPCI) opportunities in the offshore oil and gas sector, targeting global markets. HHI and GATE Energy will work together as strategic partners, leveraging their respective strengths in EPC and commissioning to deliver seamless project execution, with roles defined according to project-specific needs.

The agreement underscores a shared commitment to delivering turnkey solutions that enhance schedule predictability in complex offshore environments. Both organizations bring proven execution experience across floating production systems, with HHI's strength in hull and topside EPC delivery complemented by GATE Energy's commissioning and startup capabilities. The MOU provides a general framework for future cooperation and information sharing, with the flexibility to align on specific tenders as opportunities arise.

It also includes provisions for joint planning, resource integration, and the potential development of execution models tailored to developer requirements.