PRE to Own/Operate Columbian FLNG

[Tree]

By Anthony Guegel

 18 April 2013 22:59 GMT

Shanghai-based Wison Offshore & Marine has signed a memorandum of understanding with engineering and construction contractor Black & Veatch to jointly pursue barge-based natural gas liquefaction facility projects on an exclusive basis.

The agreement marries Wison’s barge design, project management, construction and project financing capabilities with Black & Veatch’s specialty in liquefied natural gas plant design and patented liquefaction technology.

The companies started collaborating in June 2002 with development of a floating LNG liquefaction, storage and regasification facility.

The unit is under construction at Wison’s fabrication facility in Nantong, China and will be deployed to Colombia under a build-own-operate contract with Pacific Rubiales Energy. The vessel will be used on the La Creciente field.

[jft310]

Geez Tree if they do one could they do another.?? Or maybe the better question is will they?

[Tree]

Geez Tree if they do one could they do another.?? Or maybe the better question is will they?

Could explain why Phil is speaking at the FLNG Conference in June.

Wouldn't surprise me if there were a FLNG working on a royaly somewhere in the Gulf.

[Palm]

Almost mentioned this last night; they show this in their presentation; take a gander at slides 63-65 (as numbered at the bottom of the slides):

http://www.pacificrubiales.com/images/st...idated.pdf

PACIFIC INFRASTRUCTURE

A New Doorway to the Market

PRE 51.4% equity interest

OLECAR:

• 300Mbbl/d capacity at 18°API

• 130 km long x 30 inch pipeline links Coveñas

to Cartagena (Puerto Bahía)

• Total capex: $340 million

• Comissioning: 3Q 2014

Puerto Bahía:

• Natural deep water port

• 3.3 MMbbl storage

– Phase 1 : 1.7 MMbbl

– Phase 2 : 1.6 MMbbl

• Construction contract awarded

• Potential LNG hub for exports and/or regas

• PRE dedicated capacity of 80Mbbl/d

• Total capex: $557 million

Additional terminal capacity whilst providing alternate oil export outlet for Colombia

• Gas Pipeline

‒ Engineering on-going

‒ Environmental licenses onshore segment granted

‒ Port concession permits on going

‒ Capex pipeline + jetty: $150 million

• Floating liquefaction barge (FLRSU) under construction in Wison shipyard (China)

‒ Capacity 70 MMcf/d

• Double configuration for exports:

– Small scale LNG

– FOB standard cargoes

• Expected project completion: Q4 2014

Since 2007 PRE has been “first mover” of O&G infrastructure development in

Colombia:

‒ Rubiales and Quifa as models

‒ Cookie cutter approach to other field development along heavy oil trend (CPE-6, CPO-17, CPO-14, CPO-12)

• STAR: From pilot project to commercial deployment

• Produced Water Management: Turning water into an advantage to promote social development

• PRE is also focused in major projects that will generate substantial savings in OPEX and provide competitive advantage for future developments:

‒ ODL Pipeline: Doubled Capacity in 2012 / Cusiana Blending Facility

‒ Bicentenario Pipeline: Line fill starting on June 2013

‒ PEL Power Transmission Line: 3Q 2013

‒ PuertoBahía:underconstruction

‒ OLECAR: engineering on going, long lead items purchase order placed

• LNG Export Project: Monetizing natural gas reserves in high netback markets

Pictures show this FLRSU unit being produced in China. Pretty impressive little partner we have

[jft310]

So PRE has experience developing and building Floating FLNG platforms. Ok so is the platform IOC will use??Thats the question and why is Phil M speaking at the FLNG conference without an FLNG project.? Or does Phil have an FLNG project?