Chiyoda to Design Floater for Kumul Petroleum in PNG

Tuesday, January 5, 2021

Japanese engineering and construction company Chiyoda has won a deal to design, develop, and engineer a Floating, Storage, Re-gasification and Power Generation unit in Papua New Guinea ("PNG") for Papua New Guinea’s national oil and gas company Kumul Petroleum.

"This project is an important step towards meeting the demand and supply requirement set out in the PNG 2030 Strategic Plan, which has set goals of connecting 70% of the PNG population to secure electricity by 2030. It will also provide PNG's growing heavy industries with much needed environmentally cleaner and sustainable fuel options for their additional power generation requirements they seek to increase productivity on," Chiyoda said.

The new FSRP facility will have the capacity to generate 75 MW of power to be exported to the local transmission grid, in addition to being able to load and store 140,000m3 of LNG which can be offloaded to small scale (SS) bulk cargo vessels and redistributed to smaller local power generation locations, and regasify and export gas via pipeline for local heavy industrial power generation. 

It will be located on the northern coast of PNG, close to Lae, bringing power generation to the area which contains some of the country's key resources projects.

"Based on Chiyoda's experience in PNG and its expertise of FSRP facilities, Chiyoda will provide KPHL with a wealth of engineering expertise in partnership with Moss Maritime of Norway and Nippon Yusen Kaisha for the first of the contracts. Chiyoda positions PNG as one of its priority countries for its business field and will contribute to the realization of PNG's 2030 Strategic Plan," the company said.

Categories: Floating Production Engineering Industry News Activity Asia

Related Stories

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Yinson Production Closes $1B Investment to Drive Further Growth

Petronas-Eni Upstream Joint Venture to Take Up to Two Years to Set Up

French Oil Major Acquires Interests in Multiple Blocks in Southeast Asia

Fugro Expands Geotechnical Testing Capabilities in Indonesia

UK Firm Secures Exploration Extension for Two Blocks off Vietnam

TPAO, SOCAR and BP to Ink Caspian Sea Oil and Gas Production Deal

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

Current News

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com