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, reports Cision.
Commercializing Innovative Tech
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 the 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, of Offshore Business, Hanwha Ocean.
Did you Subscribe to our daily newsletter?
It’s Free Click here to Subscribe!
Source: ABS
