Wison Offshore & Marine and Western LNG has announced today that they have entered into a technical service agreement for a new floating liquefied natural gas (FLNG) project in British Columbia, Canada.
Under the agreement, Wison will develop the basis of design and carry out front-end engineering design (FEED) for the proposed FLNG. Western LNG has also agreed to the appoint Wison as the EPC service provider for the FLNG once the final investment decision is made. The FEED is expected to be completed in less than 40 weeks after the basis of design is finalised.
“Award of the agreement is a significant step towards 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,” Wison said in a release.
Cui Ying, CEO of Wison Offshore & Marine, commented: “Given the challenging market condition, cost effectiveness and reliability of liquefaction infrastructure are key to the viability of developing LNG projects, and this is where Wison meets the requirements from project owners. We are keen to work alongside clients to monetize gas resources with satisfactory investment returns.”
Last year, Wison delivered the Caribbean FLNG on an EPC basis to Exmar.
