Fossil Energy – Indonesia
Saipem has received formal notification of the award of a FEED (Front End Engineering Design) contract for the FPSO (Floating Production Storage and Offloading) module of the Abadi LNG project, located in the Masela Block, Indonesia.
The contract was awarded by INPEX Masela, the Indonesian subsidiary of INPEX Corporation, one of Japan’s largest energy development companies.
The contract was awarded after a technical and commercial pre-selection process. It now enters a competitive dual FEED phase, during which two separate consortia will propose independent technical solutions.
The consortium delivering the most technically and commercially compelling FEED proposal will be selected to execute the subsequent EPC (Engineering, Procurement and Construction) phase.
Saipem, along with the other companies in the consortium, will carry out the review and specify the offshore production facilities.
The overall Abadi LNG Project plans for an annual natural gas production capacity of 10.5 million tons of gas equivalent, of which roughly 9.5 million tons in liquefied natural gas (LNG)—representing over 10% of Japan’s annual LNG imports—and the remainder delivered via pipeline for domestic use.
Condensate production is expected to reach up to 35,000 barrels per day. All engineering packages, including FPSO, OLNG, SURF and GEP, are designed to integrate Carbon Capture and Storage (CCS) components.
