The vessel will extract and process gas from the Prelude and Concerto gas fields.Picture: Shell Australia
Built by the Technip Samsung Consortium, the facility has the capacity to process and offload about 3.6 million tonnes of LNG and 400,000 tonnes of LPG per year and about 36,000 barrels per day of condensate.
On arrival, Shell said pre-installed mooring chains would be lifted from the seabed and secured to the facility. Then the hook-up and commissioning process would begin.
Prelude will handle the production, liquefaction, storage and transfer of LNG at sea, as well as the processing and exporting of liquefied petroleum gas and condensate.
“The safe and reliable start-up of Prelude’s operations will be the project team’s focus throughout the next phase,” Shell said. “Cash flow from the project is expected in 2018.
“Prelude FLNG is an important project in Shell’s portfolio. It will provide liquefied natural gas for customers around the world and generate cash flow that will help drive the performance of Shell’s Integrated Gas business.”
Inpex, a 17.5 per cent shareholder in Prelude, said it was the first project in its portfolio to deploy floating LNG technology.
“The development of gas fields using FLNG facilities has numerous advantages including a lesser environmental impact compared to onshore-based LNG development, and the option of developing small- and medium-sized gas fields that would be uneconomical through an onshore LNG development scheme,” Inpex said.
“For such reasons, FLNG facilities are expected to be deployed on a large number of projects in the future.”
Shell owns 67.5 per cent of the project. The other participants are South Korea’s Kogas with 10 per cent and Taiwan’s CPC, 5 per cent.