A consortium comprised of Technip and Daewoo Shipbuilding & Marine Engineering (DSME) has been awarded a contract by Petronas Floating LNG 1 for engineering, procurement, construction, installation and commissioning of a floating liquefied natural gas (FLNG) facility.
The 300m-long and 60m-wide FLNG facility with 1.2 million tons a year maximum capacity will be located offshore of Malaysia.
As part of the contract, Technip will provide project management services and lump sum for engineering, as well as execute the detailed design of the topsides at its operating centres in Kuala Lumpur, Malaysia, and Paris, France.
Thierry Pilenko, Technip Chairman and CEO, said this new contract, led by the Kuala Lumpur operating centre, confirmed Technip’s leadership in the very promising market of offshore natural gas liquefaction.
"The award combines several technologies and know-how from Technip: natural gas liquefaction, offshore floating facilities and subsea infrastructures," Pilenko added.
"Together with the expertise of DSME and our long standing relationship with Petronas, Malaysia’s national oil company, we are confident in the success of this strategic project."
South Korean firm Daewoo will develop the hull and building of the FLNG facility at its shipyard in Okpo, under the contract.
Wan-Soo Ryu, DSME senior executive vice president and CBO, said this is a key award for TDC as the FLNG facility is a high value-added mixed structure.
"DSME is expecting additional contracts with the development of underwater natural gas fields all over the world," Ryu added.
The Technip-Daewoo consortium (TDC) was awarded the front-end engineering design phase for the facility in December 2010.