King's Quay semi departing South Korea end-June
17 Jun 2021 - Upstream Costs and Technology | Headline Analysis
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Kelvin SamKelvin SamPrincipal Research Analyst

Hyundai Heavy Industries (HHI) has completed construction of the semisubmersible floating production system (semi FPS) King's Quay.

The semi is currently docked at the yard in Ulsan, South Korea and will leave for the Gulf of Mexico on board COSCO Shipping Heavy Transport's semisubmersible vessel Xiang He Kou on 30 June. Construction of the platform commenced at HHI in August 2019.

On 20 January, HHI's derrick vessel HD 10000 completed lifting and assembling of the 9,100-tonne topside for semi FPS King's Quay. Following the assembling of all topside modules in March, installation of additional facilities including living quarters and a waste heat recovery unit was completed in June. The semi FPS King's Quay with processing capacity for 80,000 b/d of oil and 100 MMscf/d of natural gas will be installed between Green Canyon blocks 433 and 434 to handle production from Murphy's Khaleesi, Mormont and Samurai fields. In March, Murphy E&P finalised a transaction with a fund managed by ArcLight Capital Partners for the sale of Murphy's 50% interest in semi FPS King's Quay and associated export lateral pipelines. The platform and pipelines are owned by a joint venture managed by Ridgewood Energy Corporation. Murphy's Khaleesi/Mormont and Samurai developments is on track for first oil in the first half of 2022.

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