Tokyo: Mitsubishi Heavy Industries has reached a basic agreement with BW Offshore, one of the world's leading FPSO (floating production, storage and offloading) contractors, to collaborate in the marketing of FPSO for liquefied natural gas (LNG). The two companies plan to sign a memorandum of understanding (MOU). The collaboration of the two companies aims to improve the position from which to propose LNG-FPSO to potential customers throughout the world by combining their expertise - MHI's knowhow, garnered through the experience of constructing numerous LNG carriers and offshore structures, and BW Offshore's significant experience with FPSO projects. Through the effective sharing of roles, the two companies will accelerate its marketing activities and are well positioned to execute their first LNG-FPSO project.
The agreement outlines the joint development of design and joint marketing activities, mainly targeting LNG-FPSO projects, with around two million tons per annum (MTPA) production capacity. Specifically, MHI will take charge of the vessel's hull and LNG storage tank portion and BW Offshore among others will be responsible for the pretreatment and liquefaction facilities and production and mooring solutions.
For LNG storage tanks, MHI will propose MOSS type spherical tanks. [01/04/10]
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