Malaysia's national oil and gas company Petroliam Nasional Bhd (Petronas) was expected to make a final investment decision (FID) on a floating liquefied natural gas (FLNG) project for the Rotan field in Block H, offshore Sabah, in the second half of the year.
"Once sanctioned, production from this second FLNG vessel is expected to commence in 2016," said a company spokesman as reported by Malaysia's Business Times Tuesday. "The FID will be taken during the second half of this year," he added.
The project, now in the front-end engineering design (FEED) stage, is for a FLNG equipped to produce 1.5 million tons of LNG per annum. Petronas awarded FEED contracts to two consortia - one comprising MODEC, Inc., IHI Corporation, TOYO Engineering Corporation and CB&I, while the other comprises JGC Corp and Samsung Heavy Industries.
When the FEED is completed in the second half of 2013, Petronas will choose one of the proposals from the two consortia as the basis for awarding the engineering, procurement, construction, installation and commissioning part of the FLNG project.
Construction of Petronas' first FLNG facility commenced late June following a steel cutting ceremony for the hull at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea.
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