Wison Offshore & Marine announced today the award of a contract for the delivery of a second Floating LNG Liquefaction Unit (FLNG) from EXMAR NV. Under the contract, Wison also grants EXMAR an option to order two additional FLNGs.
Under the agreement with EXMAR, Wison will be responsible for the turnkey engineering, procurement, construction, installation and commissioning (EPCIC) of the FLNG, which will be a self-contained barge with a liquefaction capacity of 0.6 MTPA (Million Tonnes Per Annum) and 20,000 m³ of LNG storage. The FLNG will be constructed at Wison’s wholly-owned and operated fabrication facility in Nantong, China, where also the construction of the world’s first FLNG is nearing its completion.
Building on the near shore barge based FLNG concept, this second FLNG will make it possible for EXMAR to offer a reliable and more cost-efficient LNG production facility to its customers compared to a land-based solution. The FLNG is scheduled to be completed in 2017, which is also one of the several strong competitive advantages of such a concept as it will allow faster monetisation of existing gas reserves.
Nicolas Saverys, CEO of EXMAR stated, “It is clear that lower oil and gas prices will continue to boost demand for cost-efficient and fast-track FLNG solutions over land-based liquefaction terminals. We continue to see strong growth in the FLNG market and based on our first-mover advantage we are actively working on seven FLNG projects around the world. With this second FLNG contract we take another key step towards the further strengthening of EXMAR’s position in the FLNG market.”
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