Malaysia’s Petronas says first to produce LNG from 2 floating facilities

April 12, 2021

Dateline 2021-03-25, Nasdaq:

Malaysia’s state oil firm Petronas PETR.UL said on Thursday it had become the first global energy company to produce liquefied natural gas (LNG) from two floating production units, following its first cargo delivery from the second floater facility.

The Petronas Floating LNG DUA (PFLNG DUA), sitting off the coast of Sabah on Malaysia’s Borneo island, has a production capacity of 1.5 million tonnes of LNG per year and operating at the water depth of 1,300 metres, the firm, formerly known as Petroliam Nasional Berhad, said in a statement.

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.

The quest for remote gas pushes FLNG innovation

July 2, 2015

Dateline 2015-05-19, Marine Log:

By the end of this year, the world’s first Floating Liquefied Natural Gas (FLNG) vessel will go to work in Malaysia’s gas field, some 180 kilometers off of the coast of Sarawak, producing 1.2 million tonnes of LNG annually.

Classed by DNV GL, the PFLNG1 vessel, also known as PFLNG SATU, is expected to play a significant role in the efforts of Malaysia state owned oil company PETRONAS to unlock the gas reserves in that country’s remote and stranded fields previously thought to be uneconomical to develop.

Petronas: New vessels cuts cost

May 29, 2015

Save costs, at the expense of cutting out local companies, we see, hmmm? Or were some technical services people due for company sponsored holidays in Korea?

Also, the electical system of the PFLNG cost USD50M alone. The whole PFLNG is at least USD2billion. Compare that to the cost savings in the article.

Dateline 2015-04-23, Daily Express:

Petroliam Nasional Bhd (Petronas), which is building two floating liquefied natural gas (FLNG) facilities, said the new vessels would lower the production cost of smaller gas fields.

“With the Petronas FLNG 1 (PFLNG 1), we are looking at US$500mil (RM1.85bil) cost saving for a marginal gas producing field,” said Petronas vice-president and venture director LNG project (domestic) Datuk Abdullah Karim.

The first such vessel in the world, which is expected to enter production early next year, is designed to operate near an offshore gas field where it will produce, liquefy, store and transfer LNG at sea to bigger ships for exports.

A conventional way to produce LNG requires gas to be pumped through underwater pipelines to an onshore facility and processed.

“We will save on the cost of building a pipeline. For instance, 180km would cost US$400mil to US$500mil, as well as a jetty and a berth onshore that would cost US$100mil to US$150mil more,” he said.

Abdullah said the PFLNG 1 would open new opportunities to better access small and remote offshore gas field in the country.


Petronas to deliver LNG cargo from world’s first floating facility in early 2016

May 28, 2015

Dateline 2015-04-21, TMI:

The world’s first floating liquefied natural gas (LNG) project, built by Petronas, is expected to supply its first cargoes in the first quarter of 2016, senior officials from the Malaysian state-oil firm said on Tuesday.

The 365m long Petronas Floating LNG 1 (PFLNG1), with a capacity of 1.2 million tonnes per annum, would be completed by March next year, the firm’s vice-president and venture director LNG Projects (Domestic) Abdullah Karim told reporters.

“We expect the first cargo of LNG to be available in the first quarter of 2016,” Abdullah said, adding that the gas supplies will likely be used for domestic consumption.