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MOU formalizes standardization corporation between IOGP and Unified Bulk Standardization JIP (UBJIP)

A MOU between IOGP and UBJIP was signed on March 1st outlining a firm commitment for close collaboration and mutual support in achieving more standardized requirements for bulk design and material in oil & gas projects.

The MOU was signed in IOGP's office in London by Gordon Ballard Executive Director of IOGP and Tae-Jin Kim Senior Vice President and Head of Offshore Engineering in Hyundai Heavy Industries. The purpose of the MOU is to bring the deliverables of the UBJIP towards the standards of international standardization bodies such as ISO and IEC. IOGP will through its established process IOGP Standards solution help facilitate the purpose of the MOU. IOGP and the UBJIP will strengthen its ties by creating a meeting place for regular communications, align priorities for standardization work in order to drive standardization within selected areas of common interest.

Gordon Ballard Executive Director of IOGP and Tae-Jin Kim Senior Vice President and Head of Offshore Engineering in Hyundai Heavy Industries signing the MOU on March 1st outlining a firm commitment for close collaboration and mutual support in achieving more standardized requirements for bulk design and materials.

About IOGP

The International Association of Oil & Gas Producers (IOGP) is the voice of the global upstream industry. Oil and gas continue to provide a significant proportion of the world's energy to meet growing demands for heat, light and transport. The IOGP Members produce 40% of the world's oil and gas. They operate in all producing regions: the Americas, Africa, Europe, the Middle East, the Caspian, Asia and Australia.

The International Association of Oil & Gas Producers (IOGP) is the voice of the global upstream industry. Oil and gas continue to provide a significant proportion of the world's energy to meet growing demands for heat, light and transport. The IOGP Members produce 40% of the world's oil and gas. They operate in all producing regions: the Americas, Africa, Europe, the Middle East, the Caspian, Asia and Australia.

About UBJIP

The UBJIP was initiated with Korean fabricators and key stakeholders in the oil & gas industry to demonstrate that standardization is feasible and that there is a significant potential for cost savings by reducing variations in requirements to bulk design and material in oil & gas projects. The JIP started in 2015 and is currently run with JIP participants consisting of Hyundai Heavy Industries, Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering, DNV GL, ABS, BV, LR, KOSHIPA and KOMERI as well as technical advisory members through Chevron, BHP Billiton Petroleum, TechnipFMC, CB&I and Doris Engineering.

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