Start of FEED for Floating Liquefaction (FLNG) Project in Papua New Guinea

FLEX LNG announced that field specific FEED for the FLNG project with InterOil Corporation, Pacific LNG, Liquid Niugini Gas Ltd and Samsung Heavy Industries has started.

Samsung Heavy Industries will carry out the FEED work for the hull portion of the FLNG vessel, whilst a WorleyParsons lead JV together with Kanfa Aragon will carry out the FEED work for the topsides. Samsung Heavy Industries will remain overall responsible for the overall design, engineering, construction and commissioning of the FLNG vessel. FEED is scheduled to be completed in time for the project to reach a Final Investment Decision (FID) before the end of 2011.
Commencement of operations in Papua New Guinea (PNG) is targeted for 2014.

FLEX LNG has already completed a generic FEED in 2009 and the field specific FEED will tailor the vessel for the PNG project where the FLNG vessel is expected to be moored alongside a jetty and have a nominal production capacity of close to 2 million tons of LNG per annum.