Petronas to Make FID for Second FLNG Project in 2H

September 3, 2013

Dateline 2013-07-23:

Malaysia’s national oil and gas company Petroliam Nasional Bhd (Petronas) was expected to make a final investment decision (FID) on a floating liquefied natural gas (FLNG) project for the Rotan field in Block H, offshore Sabah, in the second half of the year.

“Once sanctioned, production from this second FLNG vessel is expected to commence in 2016,” said a company spokesman as reported by Malaysia’s Business Times Tuesday. “The FID will be taken during the second half of this year,” he added.

The project, now in the front-end engineering design (FEED) stage, is for a FLNG equipped to produce 1.5 million tons of LNG per annum. Petronas awarded FEED contracts to two consortia – one comprising MODEC, Inc., IHI Corporation, TOYO Engineering Corporation and CB&I, while the other comprises JGC Corp and Samsung Heavy Industries.