SHI and Black & Veatch awarded FEED for Delfin LNG
30 Oct 2019 - Upstream Costs and Technology | Headline Analysis
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Kelvin SamKelvin SamPrincipal Research Analyst

Delfin has chosen Samsung Heavy Industries (SHI) and Black & Veatch for a FEED study involving the Delfin FLNG project

Delfin has been working with SHI and Black & Veatch since the fourth quarter of 2018 with both parties completing a pre-FEED study for a newbuild FLNG vessel in the first half of 2019. The parties are now developing a term sheet for a lump sum turnkey EPCIC contract for the construction and completion of a newbuild FLNG vessel with a firm contract award planned in the middle of 2020.

By converting existing offshore pipelines and building FLNG vessels at Asian shipyards, Delfin LNG said it can achieve total capital cost of USD550 per MMtpa using 3.5MMtpa vessels. Each FLNG vessel can be developed independently with its own commercial structure allowing Delfin to offer LNG prices involving Henry Hub or tolling contracts with terms of 10 to 25 years. Delfin said the Delfin FLNG project has four FLNG vessel slots for a total of 13MMtpa of LNG export capacity.

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