Maximizing Benefits in Selection of Gas Monetization Methodology: Transformed FLNG
When Shell announced FID of the Prelude FLNG project, even uncertainties have not been totally cleared up, it is true to get a bright picture in developing stranded wells, which cannot be economically commercialized with the conventional development methodology. However, there are key concerns affecting decision process of an FLNG project development. These may include reserve size with its characteristics (location, water depth, gas to liquid ratio, etc.), technical/commercial risks involved in entire ranges of the project development from evaluating to execution stage.
This paper presents selection criteria and process of natural gas development options in conjunction with technical & commercial issues and risks in developing either a conventional LNG plant or an FLNG option. Newly transformed FLNG options have been proposed for developing an LNG value chain in areas of environmentally sensitive, remote fields, extremely high labor cost countries, and labor forces shortage areas.
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