HD Hyundai Heavy Industries has signed a preliminary basic design contract with sister company Hyundai Engineering & Construction for a carbon dioxide platform intended for the carbon capture and storage (CCS) project envisaged at Korea National Oil Corporation’s (KNOC) depleted Donghae gas field offshore South Korea.
KNOC has plans for a 1.2 million tonnes per annum CCS scheme at Donghae, which ceased production in late 2021.
HD Hyundai some 20 years ago constructed the platform for the Donghae field, and the offshore and marine giant is now set to play a key role in repurposing the offshore asset.
It is understood that the contractor will be responsible for the offshore platform while the subsidiary HD Korea Shipbuilding & Offshore Engineering is tasked with developing the CO2 subsea injection system.
The Donghae field, located in the East Sea around 20 miles offshore the port city of Ulsan, came on stream in 2004 and produced for 17 years.
The CCS project, currently hailed as South Korea’s largest, has an initial ambition to capture and store 1.2 million tpa of CO2 from the nation’s industrial complexes.
The timeline for the Donghae CCS project involves preparation until 2024, design and construction of the facilities from 2025 to 2027, and operations running from 2028 to 2057, according to KNOC.