"New Opportunities from Soaring investments in Floating Liquefaction and Regasification projects in the region" "Milestones achieved by operators and project experiences shared" Facts : 3 FLNG projects in the lead Malaysia's Petronas awards EPCIC deal for 2nd FLNG project
Singapore (Platts) 13 Feb 2014 Meanwhile Petronas FLNG 1 to be moored at the Kanowit field offshore Sarawak is on track to start operations by the end of 2015 and has a design capacity of 1.5 million mt/year . This project is expected to increase Malaysia's total LNG production capacity from 25.7 mpta to 26.9 mpta. Wison Installs Topsides Liquefaction Equipment on Caribbean FLNG Project
Rigzone Tuesday, December 10, 2013 Said to be the first to come onstream will be Pacific Rubiales' La Creciente field development onshore Colombia, which will produce 0.5 mtpa via a leased vessel from Exmar starting in 2014. Shell's Prelude field in Browse Basin, Australia will be the largest offshore floating facility ever built and will produce at least 5.3 million tonnes per annum (mtpa) of liquids when completed, targeted in 2016. The FLNG industry is on the sunrise as experts forecast there will be a need for more FLNG production vessels as projects takes shape offshore Malaysia, Australia, Colombia. According to Douglas-Westwood's research, the market for the construction of FLNG vessels is expected to increase from $3.7B in the period 2007-2013 to $64.4B during 2014-2020." Technical challenges from evaluating liquefaction processes for FLNG, train capacity equipment count, topside , weight, size and layout limits as important considerations in designing the vessel. Commercial challenges from contract structures to financing considerations are important for all parties from operators to shipyards and vessel builders. Key Highlights: - Contractual methods for structuring floating LNG projects, IP Issues on technology
- Global project updates and operators' perspective
- Securing Finance for Floating Liquefaction and Floating terminals - Financiers’ perspective on technology risks
- Topside Design Challenges
- World’s first permanently moored offshore FSRU - Overview of the technical, authorisation, commercial aspects of the project from concept to delivery
PLUS An hour breakfast talk on Day 2 on A-Z on Contractual methods for structuring floating LNG projects - operator's risk , gas ownership interests
- Intellectual Property - FLNG technology and who owns the IP, what can you do with it ? Can you use the technology for a different field ?
- Overall legal structure models for FLNG projects which project structure is most appropriate for a FLNG plant
- integrated model, transfer pricing model or tolling model
- Insurance policies and limits and what operators should be aware of
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