8 months ago

Petromin marine and offshore Jan-Feb Issue

There is room for

There is room for optimism as the country is well on track to becoming a global reference for LNG trading, and a key facilitator of regional market liquidity, flexibility and transparency. Citing industry research, Mr Iswaran said that global expenditure on LNG is projected to exceed US$280 million by 2021 while global offshore wind market is expected to surge past US$130 billion by 2023. He noted that leading yard groups KOM and SembMarine have already ventured into the LNG segment, with KOM having delivered the world’s first converted floating liquefaction vessel, the Hilli Episeyo, last year. KOM’s Inaugural Foray Hilli Episeyo, constructed by Keppel in Singapore, is the world’s first converted Floating Liquefaction (FLNG) vessel. It was named at a ceremony in Keppel Shipyard in early July 2017. There is also a pressing need for the SMEs to build up their capabilities so that they can benefit from these trends. This is where government agencies like IE Singapore can play a bigger role by connecting companies with stakeholders and resources, as well as supporting business partnerships with companies in overseas market. Hilli Episeyo was converted from the 1975-built Moss LNG carrier with a storage capacity of 125,000 m3. It was designed for a liquefaction capacity of about 2.4 million tonnes of LNG per annum. FLNG Hilli Episeyo left the shipyard in Singapore in October 2017 and arrived in Cameroon in late November where it was moved and connected to an offshore gas field. The unit was then prepared and put in operation offshore Kribi, Cameroon for Société Nationale des Hydrocarbures (SNH) and Perenco Cameroon. 18 January to February 2018

efrences The floating plant will be supplied in natural gas by the Sanaga and Ebomé gas fields, offshore Kribi. The gas will be extracted from six wells located on the Sanaga field, then it will be processed in Bipaga’s facilities, before being conveyed to the floating unit for effective liquefaction. The floating unit will help SNH and Perenco, partners of the association Sanaga-Sud, produce 1.2 million tons of LNG per year for export, 30,000 tons of domestic gas for Cameroonian households and 5,000 barrels of condensate every day. Business in Cameroon CNA IE Singapore Pavilion Energy Singapore Business Review Singapore Ministry of Trade & Industry TNP For Singapore’s M&OE industry to compete effectively on the global stage however, it is necessary to develop differentiating advantages. Mr Iswaran urged the industry to embrace digitalisation and tap the promise data analytics, and artificial intelligence may deliver in terms of improving operational efficiency and even generating new revenue streams. One development relating to this global digital push is a trend towards additive manufacturing. Industry players have already teamed up to research the use of additive manufacturing technology or 3D printing - KOM is collaborating with key strategic partners such as Nanyang Technological University’s Singapore Centre for 3D Printing and Lloyd’s Register. SembMarine has roped in the National Additive Manufacturing Innovation Cluster, A*Star’s Singapore Institute of Manufacturing Technology and DNV GL. To facilitate the incubation and development of intelligent and autonomous M&OE capabilities, the government has invested S$107 million to set up the Technology Centre for Offshore and Marine Singapore (TCOMS). TCOMS will integrate pubic research and industry expertise for the purpose of developing innovative concepts and infrastructure for M&OE operations. January to February 2018 19

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