ABB wins FLNG supply contract worth $50mn
Firm will supply systems for new Petronas facility
ABB has won a contract worth more than $50mn to supply the electrical system for one of the world’s first commercial floating liquefied natural gas (FLNG) facilities.
The facility will be owned by Malaysian oil and gas company Petronas, and will be known as called “PFLNG2”.
In a statement, ABB said that under the terms of the contract, it will support the optimisation of the facility’s electrical side by designing, manufacturing and supplying transformers, switchboards, motor-control centres and power management system.
In addition, ABB will also manage the installation of the equipment and ensure the electrical supply is integrated with systems it is powering.
“FLNG is a market with great potential and we are well placed to deliver to it with our vast experience in floating production, our extensive manufacturing base and innovative solutions in offshore oil and gas,” said Peter Terwiesch, president of ABB’s Process Automation Division
A recent report by Douglas-Westwood estimated the FLNG market to be worth $64 billion between now and 2020.
The PFLNG2 will be built at Samsung Heavy Industries’ yard in Geoje, Korea in 2015.
When operations start in 2018, the facility will be moored over the deepwater Rotan gas field located off the Malaysian coast. It is designed to produce 1.5 million tons of LNG annually for at least 20 years before it requires a dry dock.