US-based GATE Energy and South Korea’s HD Hyundai Heavy Industries have formalised a memorandum of understanding to strengthen their cooperation on offshore infrastructure projects. The agreement aims to jointly address international tenders in the oil and gas sector by combining their respective strengths in engineering, procurement, construction and commissioning.
A structuring partnership for complex projects
The two companies intend to develop integrated, tailored solutions based on the specific requirements of each project. The alliance builds on previous joint efforts, notably on the King’s Quay and Shenandoah projects in the Gulf of Mexico, which were successfully executed by both partners.
HD Hyundai Heavy Industries will bring its expertise in hull and topside design and construction, while GATE Energy will handle pre-commissioning, commissioning and startup phases. The memorandum includes provisions for joint planning, resource integration and a flexible cooperation framework to adapt roles depending on market opportunities.
A coordinated response to offshore demand
The agreement responds to rising demand for turnkey offshore oil and gas solutions, especially in areas where logistical complexity makes schedule predictability critical. By joining forces, the two companies aim to enhance project reliability and execution quality while strengthening their positioning in global tenders.
Mark Myhre, President of Commissioning at GATE Energy, stated that the agreement “formalises the intent to pursue future opportunities together,” highlighting “a solid and proven technical relationship”. Park Jung-Ho, Vice President of HD Hyundai Heavy Industries, said the memorandum “marks the next step in a cooperation based on mutual respect and shared success”.
Strategic positioning in global markets
The partnership enhances both entities’ ability to compete in floating production system projects in high-potential areas. The cooperation model allows the joint development of execution strategies tailored to specific developer needs.
Lee Jordan, Chief Executive Officer at GATE Energy, noted that the agreement “further builds on a close working relationship with HHI and positions us to jointly deliver the next generation of offshore facilities”.
