Wison Wins FEED Contract for Canadian FLNG Project
09 August 2018
Wison Offshore & Marine announced it has been awarded a contract to carry out front-end engineering design (FEED) for a proposed floating liquefied natural gas (FLNG) project sited in British Columbia, Canada.
Wison said it has entered into a Technical Service Agreement (TSA) with the project’s developer Western LNG LLC, pursuant to which Wison will develop the basis of design (BOD) and carry out FEED wordk. Western also appointed Wison as the EPC service provider for the floating liquefaction plant upon project FID.
Under the terms of the TSA, Wison will provide a cost competitive FEED package utilizing its in-house design team and execution methodology that has been optimized based on last year’s delivery of the Caribbean FLNG. The FEED is expected to be completed in less than 40 weeks after the BOD is finalized.
Western’s initial project in British Columbia will bring Canadian natural gas from the Montney, Horn River, and other Western Sedimentary Basins to growing markets in northeast Asia. The company’s development activities are supported by certain funds managed by affiliates of Apollo Global Management, LLC, a large, internationally recognized global alternative investment manager with more than $245 billion in assets under management. Award of the TSA is a significant step toward commercialization of the project based on joint studies by Western and Wison, who also expect to leverage this high value solution for a number of additional FLNGs.