Hyundai Heavy Industries, shipbuilder and an offshore facilities manufacturer, loaded the world’s largest offshore platform onto a barge on December 4. Hyundai Heavy jacked up the 23,600 ton topside of the North Rankin 2 Project ordered by Woodside Energy 26.5 m and installed it on the provisional transport frame.

The platform, measuring 100 m in length, 50 m in width and 80 m in height, will be used to increase pressure for the existing platform already producing natural gas from 2012.The NR2 platform is scheduled to sail out in mid-December after finishing touches, and will be installed on an offshore jacket in North Rankin & Perseus fields of Australia.

The North Rankin 2 Project will recover remaining low pressure gas from the North Rankin and Perseus gas fields. The project will include the installation of a second platform, North Rankin B. The North Rankin B platform will be connected by a 100 metre bridge to the existing North Rankin A platform.

The North Rankin 2 project will include:

- A new platform weighing 58,000 tonnes
- Production facilities including gas-condensate coolers and separators, three 27 MW compression trains and power generation
- Heli-deck
- Living quarters

Client - Hyundai Heavy Industries Co., LTD
End-User - Woodside
Year Completed - 2011

The North Rankin 2

Under the 9.2 trillion won (8.2 billion dollars) project, companies such as Hyundai Heavy Industries and Daewoo Shipbuilding and Marine Engineering plan to build 500 turbines, the Knowledge Economy Ministry said in a statement.

The wind farm, to be built near the southwestern counties of Buan and Yeonggwang, will generate about 2,500 megawatts of electricity, it said. The government will coordinate the project and provide 29 billion won, while private investors will finance the rest.

Major South Korean shipbuilders and heavy machinery makers such as Samsung Heavy Industries and STX Heavy Industries are scrambling to enter the lucrative global wind power market.

"But they need a track record to actually build and operate wind farms to export their products," said the ministry, estimating current global offshore wind farm projects would generate 153.9 gigawatts of electricity.

"Plus, considering the small size of our land, offshore wind farms, with less environmental damage and fewer potential complaints from residents, are far more promising sources of energy than onshore wind farms," it said.

Asia's fourth largest economy imports 97 percent of its energy needs from overseas and has moved to cut dependence on fossil fuels and diversify energy sources.

Seoul last month unveiled a five-year plan to spend 36 billion dollars developing renewable energy as its next economic growth engine, with a goal to become one of the world's five top players in the sector.

Electronics company Samsung has made a $7.04 billion commitment to the government to construct a massive eco-friendly production facility in South Korea. The reclaimed wetland area of Saemangeum has been awarded to Samsung by the South Korean Government for the development of the facility. The green town will boast a wind-power generator, solar battery house, research headquarters and 20,000 employee homes.



The  South Korean Government has big plans for the Saemangeum wetland area, hoping to turn it into a self sustaining green destination. The green town will feature eco-friendly industrial complexes, tourism and agricultural facilities. Samsung will also help outfit it with science and research facilities.

The wetland area was reclaimed back in 2006, with the building of a sea dike to dry the area out. Aside from Samsung, the area has attracted another industry leader, OCI, which produces polysilicon for solar panel cell usage. OCI has pledged a 10 trillion won (just over $9 million) investment over the course of the next 9 years.

The government supported 125 mile wetland area should be transformed into the proposed green town by 2021.







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