Höegh awards contracts to CB&I, DSME

Höegh LNG has awarded front end engineering and design (FEED) contracts to CB&I for the topside facilities and to Daewoo Shipbuilding & Marine Engineering (DSME) for the hull, utilities, and integration work for Höegh LNG's FPSO project.

Offshore staff

OSLO, Norway -- Höegh LNG has awarded front end engineering and design (FEED) contracts to CB&I for the topside facilities and to Daewoo Shipbuilding & Marine Engineering (DSME) for the hull, utilities, and integration work for Höegh LNG's FPSO project.

A separate agreement has been signed between Höegh LNG and CB&I for CB&I's Niche LNG Technology. The FEED contract period will run for approximately nine months, and forms the basis for the building contracts which will be awarded after Höegh LNG makes its final investment decision (FID) for the first unit planned for 1Q 2009.

The Höegh LNG FPSO design consists of offshore classed ship-shaped structure and a topside plant with capacity to treat and liquefy a well stream of approximately 3 bcm (106 bcf) per year, which will give an annual production of between 1.6-2 million tons (1.5-1.8 million metric tons) of LNG and approximately 400,000 tons (360,000 metric tons) of LPG/condensate, depending on the feed stream. The design can be expanded to 2.4 million tons (2.2 million metric tons) per year of LNG or reduced to 1.0 million tons (900,000 metric tons) per year. The LNG FPSO will have storage capacity of 190,000 cu m (6.7 MMcf) of LNG and 30,000 cu m (1 MMcf) of LPG/condensate.

The first delivery is planned by DSME for early 2012.

06/04/2008

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