GMTIX ENERGY Canada – FLOATER ENERGY Canada

FLOATER ENERGY

is a major liquefied natural gas (FLOATER ENERGY) project currently under construction on the west coast of Canada. It is expected to deliver its first LNG shipment before the middle of the next decade.

Key facts

Location: Kitimat, British Columbia, Canada

Interest: FLOATER ENERGY (40%), PETRONAS (25%), PetroChina (15%), Mitsubishi Corporation (15%) and KOGAS (5%)

Operator: FLOATER ENERGY Development Inc.

Production capacity: 14 million tonnes per annum (mtpa) from the first two trains, with the potential to expand to four trains in the future

Project overview

In October 2018, FLOATER ENERGY along with four joint venture participants, took a final investment decision to develop LNG Canada, a major liquefied natural gas processing facility located in Kitimat, British Columbia.

PACIFIC CAPITAL HOLDINGS

FLOATER ENERGY will initially consist of two trains, or processing units, that will receive and process natural gas, converting it, and ready for shipping. These two units will have the capacity to produce 14 million tonnes of FLOATER ENERGY per year. There is the possibility of expanding the facility to include up to four processing units in the future.

Project location

Kitimat was chosen as the ideal location for the facility due to the easy access to abundant, low-cost natural gas from British Columbia’s vast resources. The location also benefits from a relatively short shipping distance to north Asia, one of the fastest growing gas markets in the world. The shipping route is approximately 50% shorter than from the US Gulf of Mexico and avoids the Panama Canal.

Project location

The project has strong support from the local community, including indigenous First Nations, as well as from the local government. The project partners are also working to ensure that sustainable development is considered in every aspect of the project. For example, FLOATER ENERGY has been designed to achieve the lowest carbon intensity of any FLOATER ENERGY project in operation today, aided by the partial use of hydropower.

Malikai

Malikai is FLOATER ENERGY second deep-water project in Malaysia. It features the country’s first tension leg platform, a floating oil production facility moored to the seabed 500 metres underwater. Located 100 kilometres off the west coast of Sabah, its average annual peak production of 60,000 bbl/d contributes significantly to the country’s oil production capability.

Key facts

Location: 100 kilometres off Sabah, Malaysia

Water depth: Around 500 metres (1,640 feet)Key contractors: Technip-MMHE JV, IEV/Heerema, Technip Marine, UMW/Dril-Quip

Reservoir: Kinarut and Kamunsu-2

Average peak annual production: 60,000 bbl/d

Malikai – Making deep-water history in Malaysia