Shell, Chevron Improve Australian LNG Competitiveness with Technology
Leading energy developers, Chevron Corp. and Royal Dutch Shell plc, have urged Western Australia to continue to develop as a hub for technology to improve its competitiveness in the global liquefied natural gas (LNG) industry.
With Australia forecast to become the world’s leading exporter of LNG by 2020, Shell and Chevron have established a strong presence in Western Australia and its capital city, Perth, as they develop projects offshore the state’s northwest.
- Facility deck is longer than 4 soccer fields
- 175 Olympic-sized swimming pools could hold same amount of liquid as the facility's storage tanks
- 6,700 horsepower thrusters will be used to position the facility
- The turret is 305 feet tall and runs through the facility, secured to the seabed by mooring lines
- Prelude FLNG facility will stay at the location for 20-25 years to develop the gas fields
The two companies, which both hold leading stakes in the Gorgon LNG development within their Western Australia portfolios, have focused on utilizing technologies to help provide a competitive edge on the projects.
For Shell this will involve the world’s first use of the floating LNG (FLNG) technology at its Prelude project, while Chevron has continued to invest heavily at its Perth Global Technology Centre, which was established by the company in 2007.
Chevron Sees Key Role for Perth Global Technology Center
Speaking at the Australasian Oil & Gas (AOG) Exhibition & Conference in Perth March 11, Richard Hinkley, Chevron’s manager of the technology centre, said with developments in Western Australia at risk competitively, due to factors including a high cost environment, it was an opportune time to be innovative through technology.
“There is a genuine opportunity for technology to help us find ways to do things more effectively, smarter and to drive down costs. It is going to take collaboration,” Hinkley explained.
“Our priority is to create global solutions, locally, and we can see this as a competitive advantage.”
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