Malaysia’s floating LNG vessel stops LNG production ahead of relocation

April 24, 2019

Dateline 2019-03-11, S&P Global:

Malaysia’s floating LNG export vessel PFLNG Satu has stopped producing LNG in preparation for a relocation exercise, national oil company Petronas confirmed in a statement late Friday.”However, as of today, it still remains at the Kanowit gas field, offshore Bintulu, Sarawak. An announcement on this will be made in due course,” Petronas added.
The production halt will have negligible impact on the spot market as the plant’s LNG output has been well below its full capacity, with few cargoes being offered on the market since it started operations, according to a Singapore-based LNG trader.
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PFLNG SATU reaches Kanowit gas field offshore Malaysia

July 5, 2016

Dateline 2016-06-08, Offshore:

Petronas’ first floating LNG vessel, PFLNG SATU, has reached the Kanowit gas fieldoffshore Malaysia, the company posted on social media.

The vessel set sail from Daewoo Shipbuilding & Marine Engineering Co. Ltd. shipyard in Okpo, South Korea, to the Kanowit gas field, 180 km (112 mi) offshore Sarawak on May 14.

“After [a] 2,120 nautical mi (2,439 mi /3,925 km) journey to ‪Malaysia, on the 30 May 2016, the ‪‎PFLNG 1 has finally reached its destination,” Petronas posted.

The vessel measures 365 m (1,198 ft) in length, 60 m (197 ft) in width, and 33 m (108 ft) in height. It is designed to operate in water depths between 70 m and 200 m (230 ft and 656 ft) and has a processing capacity of 1.2 million metric tons of LNG per year.

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PETRONAS’ PFLNG1 Facility is 95% Complete, On Track to Commence Ops in 2016

February 4, 2016

Just in time. Is there a rumor that PETRONAS may sell the PFLNG1 strengthen their cash position?

Dateline 2015-12-31, Rigzone:

Malaysia’s national oil company Petroliam Nasional Berhad (PETRONAS) announced that the PETRONAS Floating LNG1 (PFLNG1) facility is on track to commence operations in 2016.

“The PFLNG1 has reached a 95 percent overall progress in its construction and will come on stream in 2016. All project updates of the PFLNG1 will be officially announced by PETRONAS in due course,” the company said in a press release Tuesday.

PETRONAS’ first Floating Liquefied Natural Gas (FLNG) facility will be deployed at the Kanowit field, located 124 miles (200 kilometers) offshore Bintulu, Sarawak, East Malaysia, at a water depth of approximately 262 feet (80 meters).

The PFLNG1 vessel, which will produce 1.2 million tons of LNG per year, will play a significant role in PETRONAS’ efforts to unlock gas reserves in Malaysia’s remote and stranded fields to help meet the growing demand for gas.

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Malaysia Quiet Leader Of FLNG Vanguard

October 3, 2015

Dateline 2015-09-01, EP:

Malaysian national oil company (NOC) Petronas is nearing the completion of its first pioneering floating LNG (FLNG) unit, the PFLNG 1, facility, which is due onstream by year-end. At the same time the NOC’s second and larger unit—PFLNG 2—being done in partnership with Murphy Oil also is well underway in terms of its construction program.

PFLNG 1 (also known as PFLNG Satu) will be moored over the Kanowit gas field 180 km (112 miles) offshore Sarawak, Malaysia, and has been designed to produce up to 1.2 million tonnes per annum (mtpa) of LNG as part of Phase 1 of the Kumang Cluster Development. Scheduled for commercial startup early in 2016,PFLNG 1 is both on time and on budget—an impressive achievement for a project that represents such a bold step forward in terms of offshore technology development for its owner.

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Petronas’s floating LNG facility to be completed by late 2015

May 20, 2014

Dateline 2014-04-08, The Sun:

Petroliam Nasional Bhd’s (Petronas) floating liquefied natural gas (PFLNG 1) facility – the first in the world – being constructed at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea, is scheduled to be completed in the fourth quarter of 2015.

In a press statement yesterday, Petronas said PFLNG1, also dubbed PFLNG Satu, will be moored in Malaysia’s Kanowit gas field, 180km offshore Sarawak, set to produce 1.2 million tonnes of LNG every year.

“It will play a significant role in Petronas’s efforts to unlock the gas reserves in Malaysia’s remote and stranded fields currently deemed uneconomical to develop and evacuate and will help meet the growing demand for gas,” it said.

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