(HOUSTON) ABS and Hanwha Ocean Co., LTD, have agreed to explore cutting-edge technology projects together with the signing of an Offshore Technology Collaboration Agreement (OTCA) at Gastech 2024.

The agreement is the foundation for collaboration on a succession of state-of-the-art projects leveraging each company’s core competencies under three broad themes: sustainability, digitalization and artificial intelligence and operational technology cybersecurity.

The agreement aims to support the commercialization of a broad range of innovative technological advancements and solutions, green retrofit products and services such as carbon capture, wind assistance, electrification and energy efficiency measures.

“This is an exciting milestone for offshore innovation. This agreement with Hanwha Ocean will allow both organizations to take advantage of our collective resources and extensive experience to accelerate the development of clean energy solutions, unique to offshore applications,” said Miguel Hernandez, ABS Senior Vice President, Global Offshore.

“As part of the same team, ABS and Hanwha Ocean have resources and expertise to accelerate innovation and embed our technology developments within execution and operations. This agreement will structure our ambition to propose safe, sustainable, and affordable energy for opportunities ahead, especially for strategic clients developing world-class reservoirs with low break-evens and low carbon intensity,” said Philippe Levy, President, Offshore Business, Hanwha Ocean.

With offshore expertise and innovation spanning more than 70 years, ABS provides expert guidance and assesses new and evolving solutions to help safely manage assets for sustainable offshore operations. Learn more here.

Photo Caption: Philippe Levy, President, Offshore Business, Hanwha Ocean, and Miguel Hernandez, ABS Senior Vice President, Global Offshore

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