Gulf Oil and Gas accountACCOUNT

Hoegh to Carry out Tamar FLNG FEED

Source: www.gulfoilandgas.com 12/2/2011, Location: Middle East

Hoegh LNG Holdings Ltd. (Hoegh LNG) has entered into an agreement with Daewoo Shipbuilding & Marine Engineering Co. (DSME) to initiate a project specific front-end engineering design (FEED) of an LNG FPSO solution for the Tamar gas field offshore Israel. This agreement follows the recent announcement of the agreement between DSME consortium, DSME and its Norwegian joint venture D&H Solutions AS and Tamar field owners, Noble Energy, Delek and Isramco to exploit part of the Tamar field by use of an LNG FPSO.

The agreement states that Hoegh LNG with selected partners shall be the owner and operator of the LNG FPSO and that DSME shall be the EPCIC contractor, subject to further engineering work and a final investment decision. President and CEO, Sveinung Stohle, says: "We are excited about initiating the engineering work for an LNG FPSO to monetize the gas reserves in the Tamar field in Israel based on Hoegh LNG's already developed design.

This is a result of Hoegh LNG's continuous effort over the past five years to promote technical and economical sound floating solutions for LNG production. We are pleased to work with DSME and the Tamar field owners in jointly developing one of the first LNG FPSOs to come to market. DSME has been our partner for several years and we are confident that together with the other Tamar partners we will design, construct and operate an excellent solution for bringing the Tamar gas to the market."

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Related Categories: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management 

Related Articles: Consultancy  Engineering  FEED  General  Maintenance and Repair  Process Technology Licensing  Production Engineering  Project & Resource Management 


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