McDermott awarded FEED contract for bunkering project
HOUSTON, /PRNewswire/ -- McDermott International, Inc. announced it has been awarded a sizeable* contract by Total Oman E&P Development B.V. in partnership with Oman Oil Company S.O.A.C. to provide front-end engineering design (FEED) services for the Sohar LNG Bunkering Project in Oman. This project is intended to establish Oman as a regional LNG bunkering hub capable of supplying LNG as a fuel to marine vessels.
The scope of work during the FEED phase includes fully defining the onshore mid-scale LNG facilities and preparing a competitive tender for the engineering, procurement, supply, construction and commissioning phase. The global LNG bunkering market is entering a rapid growth period driven largely by the International Maritime Organization's legislation to significantly limit sulphur emissions.
"This award is a reflection of McDermott's 60-year history of delivering innovative LNG solutions worldwide, beginning with our tank storage solutions in the 1950s, to our liquefaction capabilities today," said Linh Austin, Senior Vice President, Middle East and North Africa.
Work on the project will begin immediately and the contract award will be reflected in McDermott's second quarter 2019 backlog.
* - McDermott defines a sizeable contract as between USD $1 million and USD $50 million.
Editorial Comment: The Future of FLNG: Less is More?
Global LNG export capacity is expected to increase by 45% between 2017 and 2022, to more than 400 metric MMtpy, with 90% of the new capacity coming from sanctioned projects in the U.S. and Australia. By 2050, this capacity is anticipated to exceed 700 MMtpy. Regasification capacity is anticipated to increase even more sharply.
Executive Viewpoint: Back to production: Where we’re going, we don’t need pipelines
What if a cost-effective way existed to extract and distribute natural gas, regardless of proximity to pipeline, and bring those assets back to production? What if the industry went in a direction that did not need pipelines? For those looking to monetize unproductive natural gas assets or bring unproductive wells back to production, it would be revolutionary.
Regional Focus:Australia to boost LNG exports despite domestic gas shortage
Australia is planning further increases in LNG production and exports over the next decade, despite quickly depleting reserves and a looming supply shortage in the domestic market.
GasPro 2.0: A Webcast Symposium
Following on the heels of the highly successful GasPro 2.0 Webcast Symposium in October 2018, the second GasPro Webcast Symposium 2.0 will take place on October 24, 2019.
The 2019 web event will gather experts in the fields of LNG, gas processing, and gas transport/distribution to share their operations expertise, engineering and design solutions, and technology advances and trends with our audience.
Attendees will learn about technology and operational solutions and deployments in a number of areas: plant design and expansion, construction, NGL production, optimization, sulfur removal, marine operations and separation technology.
October 24, 2019 08:30 AM CDT