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Shell and Petronas to race on Floating LNG

Petronas Floating LNG awarded to Technip-Daewoo

June 5th, 2012 – Technip-Daewoo Consortium has been awarded by Petronas a $2 billion contract for a Floating LNG (FLNG) unit in Malaysia

Technip created a consortium with Daewoo Shipbuilding & Marine Engineering (DSME) Co. Ltd., the Technip-Daewoo Consortium (TDC).

Technip-Daewoo Consortium (TDC) was awarded by Petronas Floating LNG 1 (Labuan) Ltd, a wholly owned subsidiary of Petroliam Nasional Berhad (PETRONAS) a services contract for engineering, procurement, construction, installation and commissioning for floating liquefied natural gas (FLNG) facility.

The contract is an Alliance between Technip-Daewoo Consortium, led by Technip, and Petronas.

Technip’s portion is composed of project management services and lump sum turn key contract for engineering.

The detailed design of the Petronas FLNG topsides will be executed by Technip’s operating centers in Kuala Lumpur, Malaysia, and Paris, France.

Engineering of the hull and building of the Petronas FLNG facility will take place at Daewoo’s shipyard in Okpo, South Korea.

This contract follows the successful completion of the front-end engineering design (FEED) phase awarded to Technip-Daewoo Consortium in December 2010.

This new contract, led by Technip Kuala Lumpur operating center, confirms Technip Market Leadership in the very promising market of offshore natural gas liquefaction.

The award combines several technologies and know-how from Technipnatural gas liquefactionoffshore floating facilities and subsea infrastructures together with the expertise of DSME.

The Petronas FLNG facility is a high value-added mixed structure for Technip-Daewoo Consortium. 

Petronas and Shell in the FLNG race

This Petronas FLNG will be designed with:

 – 1.2 million t/y maximun capacity

 – 300 meter long and 60 meter wide

The Petronas FLNG facility will be located offshore Malaysia

Petronas expects to run its FLNG in 2015.

By comparison, the Shell Prelude FLNG, is designed with:

 – 3.6 million t/y maximum capacity

 – 488 meter long and 74 meter wide

The Shell Prelude FLNG is designed and executed by Technip-Samsung Heavy Industry Consortium.

Shell Prelude FLNG will be located offshore Australia.

The Shell Prelude FLNG should come on stream in 2017.

This short comparison between the Petronas FLNG and Shell Prelude FLNG shows that Shell Prelude FLNG is about twice bigger, while the Petronas FLNG should come on stream two years earlier.

Shell and Petronas have just given the start of the boat race in Floating LNG.

Technip in brief 

Technip is a world leader in project management, engineering and construction for the energy industry.

From the deepest Subsea oil & gas developments to the largest and most complex Offshore and Onshore infrastructures, Technip‘s 30,000 persons are constantly offering the best solutions and most innovative technologies to meet the world’s energy challenges.

Present in 48 countries, Technip has state-of-the-art industrial assets on all continents and operates a fleet of specialized vessels for pipeline installation and subsea construction.

Daewoo Shipbuilding & Marine Eng. (DSME) in brief

Started in 1973 at Okpo Bay, Geoje Island, located on the southeastern tip of the Korean Peninsula, the shipyard of DSME was completed in 1981.

DSME has since grown into the world’s premium shipbuilding and offshore contractor who is specialized in building various vessels, offshore platforms, drilling rigs, FPSO/FPUs.

The shipyard which spans an area of 4.3 million meters squared encompasses the world’s largest dock with a million-ton capacity and is optimized for building high-tech motor vessels using cutting-edge equipment, including a 900-ton goliath crane.

Petronas in brief

Petronas is the national oil and gas company (NOC) of Malaysia and is wholly-owned by the Government of Malaysia.

Its business activities include (i) the exploration, development and production of crude oil and natural gas in Malaysia and overseas; (ii) the liquefaction, sale and transportation of LNG; (iii) the processing and transmission of natural gas and the sale of natural gas products; (iv) the refining and marketing of petroleum products; (v) the manufacture and sale of petrochemical products; (vi) the trading of crude oil, petroleum products and petrochemical products; and (vii) shipping and logistics relating to LNG, crude oil and petroleum products. 

This Petronas FLNG designed and executed by the Technip-Daewoo Consortium is scheduled to operate in 2015 on the Kanowit gas field, 180 km offshore Bintulu, Sarawak, Malaysia

For more information and data about oil and gas and petrochemical projects go to Project Smart Explorer

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