Lloyds Energy signs letter of intent with KDJV

Lloyds Energy Ltd has announced that it has signed a letter of intent with KDJV for a Front End Engineering and Design (FEED)/engineering, procurement, construction, installation and commissioning (EPCIC) conversion contract for the development of nearshore floating LNG (FLNG) facilities. KDJV is a joint venture (JV) between KBR and Daewoo Shipbuilding and Marine Engineering (DSME).

Lloyds Energy’s first project will be phased, comprising a mid scale, nearshore FLNG facility, whilst assessing further nearshore FLNG locations. The overall aim of the project is to create a number of nearshore FLNG projects, which will all be based on one single design. The FLNG technology offered by Lloyds Energy would include the following facilities:

• Onshore reception facilities for the export of quality gas.
• A short gas pipeline of approximately 5 km to link the storage facilities with the liquefaction host barge.
• LNG offloading facilities via loading arms on a dedicated jetty.
• Onshore maintenance facilities.

In order to deal with its future nearshore FLNG project, Lloyds Energy is in the process of developing an internal team of FLNG specialists. Many of the team members have experience working on Shell’s Prelude, as well the Coral, Bonaparte and Abadi FLNG developments.

Jang Jin Kim, the Chief Business Officer of DSME, said: “The Lloyds Energy and KBR-DSME Consortium (KD) with the experienced professionals from all three companies, will create a winning team and provide innovative game changing concept to the LNG market in today’s CAPEX constrained industry.”

Jay Ibrahim, KBR’s President for E&C, Europe, Africa & Middle East, said: “As a contractor with significant FLNG FEED experience across multiple global developments, we look forward to working with Lloyds Energy to successfully achieve their goal of developing strategically important near-shore FLNG projects across a range of locations.”

Lloyds Energy CEO, Phil Holland, stated: “Lloyds Energy is extremely pleased to be working with KBR and DSME as all three companies have experienced FLNG teams with full asset-cycle exposure, from concept development through to long term asset management. DSME will imminently finish the construction of the world’s first FLNG (Petronas FLNG1).”

Mark Graham Lloyds Energy EVP Projects added: “We are confident that we have chosen the best contractors in the industry to support the development of our near-shore FLNG mid-scale project.”

Read the article online at: https://www.lngindustry.com/floating-lng/25042016/lloyds-energy-signs-letter-of-intent-with-kdjv-2342/