Shell FLNG order worth $50bn to Technip & Samsung

Reports from South Korea quote colossal figure for 10 vessel order

Floating liquefied natural gas, Gas projects middle east, Offshore gas fields, Offshore gas liquefaction, Samsung, Shell, Technip, NEWS, Offshore, Services & Support

Other stories: Top 10 billion dollar oil deals of the summer | 2009's winners and losers in the oil industry10 events in oil's history that shook the world | Top 10 Gulf mega projects | Top 10 largest publicly traded oil companies | Top 10 National Oil Companies by production | World's 10 largest oilfield services companies | World's 10 largest oil and gas contractors

Reports from South Korea suggest that the recent announcement regarding the deal between Anglo-Dutch supermajor Shell and a joint venture between Technip and Samsung Heavy Industries to build floating liquefied natural gas (FLNG) facilities could be worth around US$50 billion.

The deal will see the Technip-Samsung joint venture build 10 of the huge vessels for Shell over a period of 15 years.

In an email sent to a spokesperson from Shell said that the company was not disclosing the cost of the contract to the media.

The FLNG vessel will allow the Anglo-Dutch supermajor to place gas liquefaction facilities directly over offshore gas fields. The company hopes that giving gas producers a cheaper alternative to using pipelines and onshore liquefaction infrastructure will pay off in the long term.

The FLNG concept's key dimensions are approximately 450 metres x 70 metres, with a 3.5 mtpa LNG capacity, plus associated LPG and condensate production; taking total liquid production potential to over 5 mtpa.

Topsides weight is estimated in excess of 50,000 tonnes. Shell’s FLNG design is suitable for more distant offshore fields, designed to operate under harsh conditions and process a wide range of gas compositions.


Most Popular

Digital Edition

Oil & Gas Middle East - September 2020

Subscribe Now