Shell awards floating LNG contracts to Technip and Samsung
Posted: 28 July 2009
Shell Gas & Power Developments BV signed a master agreement with a consortium comprising Technip and Samsung for the design, construction and installation of multiple floating liquefied natural gas (FLNG) facilities over a period of up to fifteen years.
Shell and Technip-Samsung also signed a contract for execution of the front end engineering and design (FEED) for Shell's 3.5 million tonne per annum (mtpa) FLNG solution.
Shell's FLNG solution has the potential to place gas liquefaction facilities directly over offshore gas fields, thereby precluding the need for long distance pipelines and extensive onshore infrastructure.
This innovative alternative to traditional onshore LNG plants provides a commercially attractive and environmentally sensitive approach for monetisation of offshore gas fields.
The broad operating parameters of the Shell design mean it can be redeployed. Shell’s standardised 'design one – build many' approach allows material repeatability gains to be captured during design and construction phases.
After completing the FEED phase, Shell will examine key aspects of each potential FLNG project in its portfolio before considering a final investment decision.
The master agreement and the FEED contract were signed in Paris, France, by Jon Chadwick, Executive Vice President Upstream International, and Matthias Bichsel, Director Projects & Technology on behalf of Shell; Thierry Pilenko, Chairman and CEO, and Bernard di Tullio, Chief Operating Officer, on behalf of Technip; and J. W. Kim, Vice Chairman and CEO, and H. Y. Lee, Executive Vice President and Chief Marketing Officer, on behalf of Samsung Heavy Industries.
Posted by Richard Price, Editor, EnergyME.com
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