Shell floating LNG technology chosen by joint venture for Greater Sunrise projectShell's Floating Liquefied Natural Gas (FLNG) technology has been selected as the Sunrise Joint Venture's preferred option for developing the Greater Sunrise gas fields in the Timor Sea.
Subject to final detailed agreements, government approvals and a final investment decision Shell will operate the FLNG facility and manage the design and build phases of the FLNG project for the Sunrise Joint Venture participants.
The Sunrise project would be the second deployment of Shell's proprietary FLNG design, following Shell's Prelude FLNG development in the Browse basin, offshore Western Australia. The Sunrise FLNG facility would produce around 4.0 million tonnes per annum of LNG as well as condensate.
"Sunrise is a significant resource, but is remote and technically challenging, so Shell's FLNG technology provides the best technical and commercial development option," said Ann Pickard, Executive Vice President Upstream International Australia.
In selecting Shell's FLNG technology, the Sunrise Joint Venture has undertaken a rigorous technical and commercial evaluation drawing on Shell's extensive research and development of FLNG technologies.
As part of the Sunrise Joint Venture Shell will work with Woodside and the governments of Timor-Leste and Australia to advance the Sunrise FLNG development, which would bring significant long term economic benefits to both countries.
The Sunrise Joint Venture participants comprise Shell (26.6%) Woodside (33.4%), ConocoPhillips (30%) and Osaka Gas (10%).
Posted: April 29, 2010
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