Petronas Cuts First Steel for FLNG Facility

Printer Friendly Version
Email this Page

Malaysia's Petronas announced that construction of its first Floating Liquefied Natural Gas (FLNG) facility has begun following a steel cutting ceremony for the hull at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea.

The steel cutting event signifies a major milestone for the project, the world’s first, to proceed to its construction phase to meet its commissioning schedule in 2015.

Petronas’ President and Group CEO Shamsul Azhar Abbas, Technip’s President and CEO Thierry Pilenko, and DSME’s President and CEO Jaeho Ko were present at the ceremony.

Petronas signed the engineering, procurement, construction, installation and commissioning contract for the project with the Technip and DSME consortium in June 2012.

The floating LNG facility will be located in Malaysia’s Kanowit gas field in Block SK306, 111.8 miles offshore Sarawak and will have the capacity to produce 1.2 million tons per annum of LNG.

"Once operational, the facility is expected to change the landscape of the LNG business where the liquefaction, production and offloading processes of LNG, previously only possible at onshore plants are now able to be carried out hundreds of kilometres away from land and closer to offshore gas sources," Petronas said in a media release.

"As such, the facility will also play a significant role in efforts to unlock the gas reserves in Malaysia’s remote and stranded fields currently deemed uneconomical to develop and evacuate."



Chee Yew has covered the upstream and downstream sectors of the oil and gas industry for over a decade. Email Chee Yew at cheeyew.cheang@rigzone.com.

Printer Friendly Version
Email this Page

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Chee Yew Cheang
APAC Editor | Rigzone
 -  ONGC Videsh's FY 2015 Net Profit Falls... (May 26)
 -  Indonesia Plans to Offer More Oil, Gas... (May 25)
 -  Pertamina Can Opt for Up to 15% Stake ... (May 20)
 -  Australia Offers 29 Offshore Blocks fo... (May 18)
 -  Myanmar Rules Out Launch of Bidding Ro... (May 13)


Most Popular Articles

From the Career Center
Jobs that may interest you
Process Safety Engineer (Principal/Lead)
Expertise: Design Engineer|Process Engineer|Safety Engineering
Location: Houston, TX
 
Civil Engineer
Expertise: Civil Engineering
Location: San Ramon, CA
 
Instrument & Controls Engineer - Pipeline & Facilities
Expertise: Facilities Engineer|Mechanical Engineering|Pipeline Engineering
Location: San Ramon, CA
 
search for more jobs

Brent Crude Oil : $65.37/BBL 1.75%
Light Crude Oil : $59.72/BBL 1.64%
Natural Gas : $2.89/MMBtu 2.03%
Updated in last 24 hours