While this conference presentation focused on floating LNG...

While this conference presentation focused on floating LNG plant, there were a number of significant references to EWC’s land based modular plant. It appears from this presentation (25 Oct 2011) that EWC’s project remains an integral part of IOC’s Gulf LNG project. I have just presented some relevant points of this presentation relating mainly to EWC’s involvement.


Seoul FLNG Conference, 25 October 2011

Presented by Interoil and Flex LNG

p.8
InterOil Gulf LNG Project – Current Activity
Start-up configuration of:
a. Condensate stripping plants
b. 3 mtpa land-based, modular LNG plant
c. 2 mtpa fixed floating LNG plant
d. Gas and liquids pipeline to LNG plant and Jetty on the coast
e. Ramp up LNG to 8 mtpa


p.9
Two LNG Project Agreements approved by
the PNG Government
InterOil led Gulf LNG Project
5 mtpa start-up capacity
Expansion to 10.8 mtpa

Exxon led PNG LNG Project
6.6 mtpa9
Expansion to ~ 10 mtpa


p.14
InterOil is moving ahead to reach FID
a. LNG facilities increased from 2mtpa to 5mtpa with
Samsung & FLEX LNG fixed floating proposal,
targeting 8mtpa
b. Site specific engineering for land based modular
LNG with Energy World is almost complete
c. LNG off-take HOA was signed with Noble Group for
1 mtpa for 10 years, in addition to the 300,000
tonnes per annum dedicated to the Philippines


p.32
Main objectives
a. Adapt the generic hull and topside design to match the field-specific requirements of the Gulf
LNG project
b. Provide a sound basis for lump sum based execution contracts (EPCIC contract and SBC)
c. Prepare to start EPCIC works immediately following Final Investment Decision in December
2011