Ichthys behemoth launches

Advertisement

From Port News comes the latest behemoth moment in Austrralian LNG:

INPEX CORPORATION (INPEX) announced today it launched the hull of the floating production, storage and offloading (FPSO) facility for the INPEX – operated Ichthys LNG Project from the dry dock at the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in Geoje, South Korea, the company said in its press release.

The launch on Sunday, 6 July, saw the 336 – metre – long hull – equivalent to more than three soccer fields in length – floated out of the dry dock and positioned quayside where construction will continue. Ichthys LNG Project offshore Director Claude Cahuzac said the milestone was an impressive achievement, with an enormo us amount of work carried out since the FPSO’s keel laying ceremony. “ Pre – fabricated blocks weighing around 60,000 tonnes in total have been lifted into the dry dock and assembled to create the full – size FPSO hull we see on the water today,” Mr Cahuzac said. “ While the hull is now at its full length from stern to bow and floating, it does not mean the FPSO is complete. We still have some work to do to complete the hull, and even more for the entire FPSO, including the fabrication and integration of the topsides, living quarters and our next major milestone – the installation of the turret, which is currently under constr uct ion in Singapore.”

FPSO hull launch at Geoje, South Korea The FPSO will be moored about 3.5 kilometres from the Ichthys LNG Project’s Central Processing Facility (CPF). It will process and store condensate from the CPF and periodically offload stabilised condensate to shuttle carriers for export directly to market. The 336 m by 59 m FPSO is designed to hold more than one million barrels of condensate and will have the capacity to accommodate a workforce of up to 200 people. Once complete, the facility will be towed 5,600 km to the Ichthys Field in the Browse Basin, offshore Western Australia, where it will be permanently moored to the seabed for the life of the Project. The Ichthys LNG Project recently celebrated its most significant construction milestone to date after officially marking 50 per cent completion on 25 June 2014.

Inpex floats FPSO hull for Ichthys LNG

Inpex floats FPSO hull for Ichthys LNG Shipyard

Korea’s Australian mining boom still powering!

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.