Chiyoda to design Papua New Guinea Floater
Japanese construction major Chiyoda will design this floater for Kumul Petroleum.
Offshore Engineer reports about Japanese engineering company Chiyoda bagging the contract to build an offshore power and gas project in Papua New Guinea for Kumul Petroleum, the country’s national oil and gas company. Chiyoda’s partners on the contract include Nippon Yusen Kaisha and Moss Maritime of Norway.
Once built, this new FSRP (Floating, Storage, Re-gasification and Power Generation) unit will generate 75 MW of power for local transmission. Alongside, it will load and store 140,000m3 of LNG that can be put onto smaller cargo vessels, redistributed for local power generation, and also regasified for exports via pipelines.
In a statement on the contract, Chiyoda said “This project is an important step towards meeting the demand and supply requirement set out in the PNG 2030 Strategic Plan, which has set goals of connecting 70% of the PNG population to secure electricity by 2030. It will also provide PNG’s growing heavy industries with much needed environmentally cleaner and sustainable fuel options for their additional power generation requirements they seek to increase productivity on.”