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Inpex & Shell Abadi fLNG enters FEED contest

Indonesia Abadi fLNG to learn from Australia Prelude

In one way, INPEX Corporation Ltd acquired 17.5% participating interest in the Prelude Floating LNG (FLNG) Project from Shell Development (Australia) proprietary Ltd in order to get the experience to develop the Abadi LNG Project in Masela Block.

In the other way, Shell in December 2011 acquired 30% participating interest in the Abadi Project, Masela Block, Maluku, Indonesia.

The Masela Block measures 3,221 km² in a water depth ranging from 300 m to 1,000 m.

As a result of the transfer, the Abadi project participating interest will be as follows:

 – INPEX Masela 60%

 – Shell 30%

 – PT EMP Energi Indonesia, subsidiary of PT Energi Mega Persada (ENRG) Tbk, 10%.

INPEX is currently preparing for the development of the large-scale Abadi LNG Project in Indonesia as Operator.

Planning to utilize FLNG and considering other technical characteristics of the Abadi LNG Project, INPEX selected Shell as the strategic partner for the development of large scale offshore gas development activities.

Participating in the Prelude FLNG Project will enhance INPEX’s FLNG experience, and will help in timely delivery of the Abadi LNG project.

The Abadi gas field was discovered in 2000, and in December 2010, the plan of development was approved by the Indonesian Government to develop the Abadi gas field in phases and to select a Floating LNG (FLNG) plant for an annual production of 2.5 million t/y LNG for the first phase exploration & production.

In addition to the fLNG the Abadi project includes a large SURF package with Sub-sea production system, Umbilicals, Risers, and Flowlines.

INPEX is ready to award the Front-End Engineering and Design (FEED)

The FEED contract  is scheduled for the en of the first half of 2012.

Three engineering companies have already submitted their technical bids:

 – Chiyoda with Saipem, Hyundai Heavy Industry and SBM Offshore

 – Foster Wheeler with Petrofac-IKPT and STX Offshore & Shipbuilding

 – JGC with Technip and Samsung Heavy Industry

The FEED competition should run into 2013 to be likely converted into EPC Contract in 2014.

On the SURF package the competition goes among:

 – JP Kenny (Wood Group)

 – IntecSea Engineering (Worley Parsons)

 – Fluor

The decision on SURF is expected by the end of 2013

 

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