Offshore staff
JOHANNESBURG, South Africa — Nigerian National Petroleum Corp. (NNPC) has signed a heads of agreement with UTM Offshore Ltd. for the UTM Floating Liquefied Natural Gas (FLNG) project.
The planned FLNG vessel will produce 176 MMcf/d of gas from the offshore Yoho Field. NNPC will have a 20% equity stake in the project.
The FLNG, due to be completed by 2026, will comprise a turret mooring system, gas pretreatment modules, LNG production modules, living quarters, and power generation and utilities alongside storage and offloading.
UTM Offshore awarded the FEED contract last year to Kellogg Brown and Root, Japan Gas Corp. and Technip Energies.
Julius Rone, UTM Offshore group managing director, said final investment decision should occur during fourth-quarter 2023, allowing production to begin in 2026. At peak the facility would produce 1.7 MMt/year of LNG and 300,000 metric tons of LPG, all for Nigeria’s domestic market.
07.21.2023
