GATE Energy, HHI to collaborate on global offshore oil and gas projects

GATE Energy and HD Hyundai Heavy Industries (HHI) have signed a Memorandum of Understanding (MoU) 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.

"This MoU represents the next chapter in a strong and growing relationship between GATE and HHI," said Mark Myhre, President of Commissioning at GATE Energy. "Our collaboration on the King's Quay and Shenandoah projects demonstrated what's possible when two organizations align in both technical expertise and delivery mindset."

"This MoU represents the next step in an already strong partnership built on mutual respect, technical excellence, and shared success," added Jung-Ho, Park, Vice President of HHI. "Through landmark projects like King's Quay, Shenandoah, and the ongoing project, we have forged a collaborative framework that consistently delivers superior outcomes."

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.