In a move set to significantly impact the global offshore energy landscape, GATE Energy and HD Hyundai Heavy Industries (HHI) today announced the signing of a Memorandum of Understanding (MOU). This strategic agreement formalizes their intent to collaborate on a wide array of offshore energy infrastructure projects, marking a powerful alignment between two industry titans in engineering, procurement, construction, and commissioning (EPCC).

The MOU outlines a joint pursuit of Engineering, Procurement, Construction, and Installation (EPCI) opportunities within the offshore oil and gas sector, with a clear focus on targeting global markets. This collaboration will see HHI and GATE Energy operating as strategic partners, synergizing their respective strengths in EPC and commissioning to ensure seamless project execution. The specific roles and responsibilities within each project will be dynamically defined based on individual project requirements, allowing for maximum flexibility and efficiency.

Speaking on the significance of this agreement, Mark Myhre, President of Commissioning at GATE Energy, stated, "This MOU represents the next chapter in a strong and growing relationship between GATE and HHI. Our collaboration on the King's Quay and Shenandoah projects clearly demonstrated what's possible when two organizations align in both technical expertise and delivery mindset. We're immensely proud to formalize our intent to pursue future opportunities together, delivering unparalleled value to clients across the entire offshore landscape." Myhre's comments highlight the established success of their prior ventures, laying a solid foundation for future endeavors.

Echoing this sentiment, Jung-Ho, Park, Vice President of HHI, commented, "This MOU signifies the next step in an already robust partnership built on mutual respect, technical excellence, and shared success. Through landmark projects like King's Quay, Shenandoah, and other ongoing initiatives, we have meticulously forged a collaborative framework that consistently delivers superior outcomes. Together with GATE Energy, we are deeply committed to advancing the offshore energy sector by providing truly integrated solutions that enhance predictability and create lasting value for our clients worldwide." Park’s statement underscores the depth of their existing relationship and their joint vision for the future of offshore energy.

A core tenet of this agreement is a shared commitment to delivering turnkey solutions that significantly enhance schedule predictability in the inherently complex and demanding offshore environments. Both organizations bring a wealth of proven execution experience across various floating production systems. HHI's formidable strength in hull and topside EPC delivery is perfectly complemented by GATE Energy's renowned commissioning and startup capabilities, creating a comprehensive and integrated offering.