Trion FPU Project in Mexico | Offshore Engineering & Hull Construction Excellence

The Trion field is located in the Perdido Fold Belt, at a water depth of 2,500m approximately 180km off the Mexican coastline and 30km south of the US/Mexico maritime border. Trion is a greenfield development that would represent the first oil production from Mexico’s deepwater, with potential for future discoveries to be tied back to Trion facilities. The Trion project was discovered by PEMEX (Mexico’s state-owned petroleum company) in 2012. In 2017, BHP Petroleum and PEMEX signed an agreement for the development of the Trion discovery. Following the merger with BHP Petroleum, Woodside will continue the agreement with PEMEX for field development. Woodside has made a final investment decision to develop the large, high-quality Trion resource in Mexico. The expected returns from the development exceed Woodside’s capital allocation framework targets and deliver enduring shareholder value. First oil is targeted for 2028.

About Project

Project Details

Project Name: TRION FPU
Client Country: Mexico
Destination: Trion Field, Perdido Fold Belt, Gulf of Mexico
Project Country: Mexico
Execution Countries: Mexico, South Korea, Australia
Started: 2028

Project Description

South Korea’s HD Hyundai, formerly known as Hyundai Heavy Industries, has reportedly won a contract to build a floating production unit for an offshore project in Mexico.

According to Korea’s Yonhap News Agency, HD Hyundai said in a stock exchange filing that it won a deal to build an FPU for an undisclosed client in Mexico.

According to the statement, the contract is worth around $1.2 billion. The FPU will be built in HD Hyundai’s shipyard in the southeastern port of Ulsan and is scheduled to be delivered to the client in April 2027.

Although HD Hyundai did not name the client, South Korean media outlets have reported that the client in question was Australia’s Woodside – which strongly suggests that the FPU will be built for the recently approved $7.2-billion Trion project in the Perdido basin in the Gulf of Mexico.