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PNG to get first floating LNG plant

Staff Reporter | 5:11 AM | |
PNG will have its first floating liquefied natural gas plant to be established in the Gulf Province following the official signing of a memorandum between the facility builders and engineers.

They have been tasked to finalize a conceptual design by the end of the year based on project risk reduction execution.

They are Chinese based Winson Offshore and Marine and KBR who will collaborate to design the facility for state-owned Kumul Petroleum Holdings Limited.

The facility will be a 1.5 MPTA floating LNG (FLNG) liquefaction unit which will be a first in the country.

It will be the second one to the current US$19billion LNG project in PNG if it comes off the ground.

In August 2017, KBR announced it was awarded a contract by Kumul Petroleum Holdings Limited for the conceptual development and feasibility study services for an energy hub in the Kikori region of the Gulf Province of PNG.

CEO of Wison Offshore & Marine Ying Cui said: “We’re looking forward to a fruitful cooperation between Wison and KBR.”

“We’re confident the combination of both parties’ strengths will create the best value for our clients by providing them with more cost-effective and quality solutions to lower the overall investment of FLNG project,” he said.

KBR president, Asia Pacific, Greg Conlon, said: “KBR is very pleased to be associated with Wison Offshore & Marine in developing a significant nation-building project for Papua New Guinea and looks forward to further strengthening our relationship with Wison.”

Kumul Petroleum managing director, Wapu Sonk commented that he was pleased to see a PNG dedicated alliance between one of the world’s largest and specialised FLNG engineering companies KBR, with the world’s leading FLNG construction company Wison Offshore and Marine.

“With the conceptual studies for the Kumul LNG project planned for completion by the end of the year, the seamless and integrated relationship between engineer and constructor is paramount in reducing the project execution risk.

“Should the business case for the project prove to be viable and in the interest of the people of PNG. This alliance between KBR and Wison will give Kumul Petroleum an experienced and capable development option,” Sonk said.

Wison has proven track record in delivery of the world’s first barge-based FLNG.

In September 2016, Wison successfully completed its performance test at the Wison yard in Nantong, China.

This marked for the first time in history LNG had been produced on-board a floating facility.

It was also be the world’s first gas trial for a floating liquefaction unit before sail-out.


SOURCE; POST COURIER/PACNEWS