Petronas to invest in PFLNG 2 project offshore Malaysia

Petronas has reached a final investment decision (FID) for its second floating liquefied natural gas facility (PFLNG 2) project, located off the coast of Sabah in Malaysia.

Offshore staff

HOUSTONPetronas has reached a final investment decision (FID) for its second floating liquefied natural gas facility (PFLNG 2) project, located off the coast of Sabah in Malaysia. The FID was approved by the Petronas board on Jan. 23.

With this approved FID, Petronas has issued a letter of award for the engineering procurement, construction, installation, and commissioning (EPCIC) contract for the project to a consortium comprising JGC Corp., Samsung Heavy Industries Co. Ltd., JGC (Malaysia) Sdn Bhd, and Samsung Heavy Industries (M) Sdn Bhd.

The EPCIC contract award followed the 2012 dual front-end engineering design (FEED) study for the project undertaken by two consortia – the Modec Inc., CB&I Nederland BV, and Toyo Engineering Corp. consortium, and the JGC Corp., Samsung Heavy Industries Co. Ltd., JGC (Malaysia) Sdn Bhd, and Samsung Heavy Industries (M) Sdn Bhd consortium.

The FID and the EPCIC contract award mark a significant milestone in the progress of thePFLNG 2 project. The facility will be moored at the Rotan gas field in deepwater block H, offshore Sabah, and is scheduled to start up by early 2018.

Meanwhile, Petronas’ first floating LNG facility (PFLNG 1) project recently achieved another key construction milestone with the commencement of the vessel’s keel laying process at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea. The PFLNG 1 will be moored at the Kanowit field, offshore Sarawak, and is scheduled to start up by the end of 2015.

02/14/2014

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