
Hanwha Ocean Pursues Namibia Venus FPSO as FID Faces Delay
Hanwha Ocean is competing with SBM Offshore for the Venus FPSO in Namibia, while a possible delay in TotalEnergies’ final investment decision could push back the contract award.

Hanwha Ocean is competing with SBM Offshore for the Venus FPSO in Namibia, while a possible delay in TotalEnergies’ final investment decision could push back the contract award.

Hanwha Ocean has reached the final bidding stage with SBM Offshore for the $3 billion Venus FPSO project in Namibia and secured approvals for its low-carbon standard FPSO design system.
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