Infrastructure options agency Black & Veatch stated it has acquired full discover to proceed with the Golar MK II FLNG venture of Bermuda-based Golar LNG Restricted.
Black & Veatch is working as a subcontractor for CIMC Raffles, it stated in a information launch.
The floating liquefied pure fuel (FLNG) vessel marks the third in Golar’s fleet, the primary FLNG constructed by CIMC, and the sixth FLNG venture to make the most of Black & Veatch’s PRICO liquefaction know-how, in response to the discharge. The MK II FLNG vessel may have a manufacturing capability of about 3.5 million tons each year (MTPA) and is anticipated to be delivered within the fourth quarter of 2027.
- Advertisement -
Underneath the settlement with CIMC, Black & Veatch stated it’ll present its licensed PRICO know-how, carry out detailed engineering design, specify and procure topside gear, and supply commissioning help for the FLNG topsides and liquefaction course of—much like its position within the development of Golar’s different FLNG vessels, the Hilli and Gimi.
The topside modules might be constructed and put in by CIMC Raffles, based mostly within the Shandong Province of China, onto the transformed LNG provider.
In accordance with Black & Veatch, PRICO liquefaction know-how allows optimum modularization for onshore, offshore, and nearshore purposes because of scalability, minimal gear necessities and a compact course of footprint.
“The signing of this new venture additional solidifies CIMC’s management place in offshore initiatives,” CIMC Raffles President and CEO Wang Jianzhong stated. “It demonstrates CIMC’s potential to deal with massive, advanced initiatives that meet the best trade requirements. CIMC will proceed to deal with the impartial growth and manufacturing of high-end offshore gear, dedicated to offering high-quality, progressive options for the worldwide vitality market”.
“That is one other vital vitality infrastructure venture for Black & Veatch and we’re happy to be working with CIMC and Golar on the MK II, following our help for Golar’s two earlier floating LNG vessels,” Black & Veatch’s Fuels & Pure Assets sector President Laszlo von Lazar stated. “The MK II will allow extra, versatile sources of inexpensive LNG to be processed to help the worldwide want for vitality safety and resiliency”.
Final month, Golar signed an engineering, procurement and development (EPC) settlement with CIMC Raffles for the MK II FLNG vessel.
The venture will make the most of the Golar-owned LNG provider Fuji LNG with a storage capability of 5.2 million cubic toes (148,500 cubic meters). The full EPC value is $1.6 billion, whereas the full finances for the MK II FLNG conversion is $2.2 billion, inclusive of the conversion vessel, yard supervision, spares, crew, coaching, contingencies, preliminary bunker provide and voyage associated prices to ship the FLNG to its operational web site, excluding financing prices, in response to a separate information launch from Golar.
Out of the full conversion value, Golar stated it has already spent $0.3 billion thus far inclusive of the conversion candidate, engineering and lengthy lead gadgets that are actually 63 % full.
Golar stated that the Golar MK II design is an evolution of the MK I design of FLNG Hilli and FLNG Gimi and can also be based mostly on the conversion of an present LNG provider to an FLNG.
As a part of the EPC settlement, Golar has additionally secured an possibility for a second MK II FLNG conversion slot at CIMC for supply inside 2028.
Black & Veatch describes itself as a 100-percent employee-owned world engineering, procurement, consulting and development firm with a greater than 100-year observe document of innovation in sustainable infrastructure.
To contact the writer, e-mail rocky.teodoro@rigzone.com
