Petronas’ first floating LNG facility has been named at a ceremony with partners Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) and Technip.
PFLNG SATU marks a further milestone for Malaysia’s national oil and gas corporation in the global LNG industry.
Datuk Wan Zulkiflee Wan Ariffin, Petronas’ president and group CEO, said: “The PFLNG SATU is a testament to the engineering capabilities of Petronas and its partners.”
He added: “We have pushed the boundaries and turned our technological aspirations of having an LNG plant on a floating vessel into reality.”
The floating LNG facility aims to pave the way for opportunities to produce gas resources from remote, marginal fields, which would otherwise be uneconomical to develop through conventional methods.
PFLNG SATU has the capacity to produce 1.2m tonnes of LNG per year and will aim to be significant in unlocking gas reserves in Malaysia.
Sung Leep Jung, chairman and CEO of Technip, said: “This project has been a remarkable experience for Petronas and the DSME/Technip consortium and today marks the successful completion of construction for PFLNG SATU.”
“This achievement, coupled with HSE record of 17m hours of No Lost Time Injuries is indeed a significant feat for the partnership,” he concluded.
PFLNG SATU is expected to be ready in the second quarter of 2016.
