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ABS and DSME to Jointly Develop an LNG-Fueled Drillship

Sutherland Asbill Brennan LLP - Washington Office

July 9, 2014

Previously published on July 3, 2014

On Wednesday, the American Bureau of Shipping (ABS) and Daewoo Shipbuilding & Marine Engineering (DSME) announced that they have entered into a joint development project to develop the first LNG-fueled drillship. The project will target the Gulf of Mexico market. Dr. Sung Geun Lee, the CTO and Executive Vice President of DSME, commented: “We are pleased to collaborate on this first-of-its-kind offshore structure leveraging our cutting-edge technologies and coupling these with ABS’ experience validating new floating concepts.” ABS’s press release can be found here - http://www.eagle.org/eagleExternalPortalWEB/appmanager/absEagle/absEagleDesktop?&under;nfpb=true&&under;pageLabel=abs&under;eagle&under;portal&under;news&under;listings&under;page&newsNodePath=%2FBEA+Repository%2FNews+%26+Events%2FPress+Releases%2F2014%2FFirstLNGDrillship.


The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.

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