First Steel Cut in S. Korea for Ichthys FPSO

The INPEX-operated Ichthys LNG Project (the Project) cut first steel yesterday for the hull of its Floating Production, Storage and Offloading (FPSO) facility in Okpo, Korea.

With fabrication of the hull underway, work on all of the Project’s major offshore facilities has commenced.

The FPSO is being built by Daewoo Shipbuilding & Marine Engineering (DSME). The vessel will be used for condensate dewatering, stabilisation, storage and export. Speaking at today’s ceremony at the DSME shipyard, INPEX Ichthys LNG Project Director Offshore Claude Cahuzac said the steel cutting marked a major milestone.

“Starting fabrication on the FPSO hull means that work is now underway on all major offshore facilities – this includes the Central Processing Facility, subsea structures and the Gas Export  Pipeline,” Cahuzac said.

“It marks the culmination of years of engineering work and close collaboration with our contractors. It is fantastic to celebrate this milestone, on schedule, as we work towards delivering first gas  by the end of 2016.” 

The FPSO will be permanently moored for the life of the Project to the seabed in the Browse Basin, offshore Western Australia.  Condensate will be offloaded periodically to crude oil tankers and shipped directly to market.

The Ichthys LNG Project is a Joint Venture between INPEX group companies (the Operator), major partner TOTAL group companies and the Australian subsidiaries of Tokyo Gas, Osaka Gas, Chubu Electric Power and Toho Gas. Gas from the Ichthys Field, in the Browse Basin offshore Western Australia, will undergo preliminary processing offshore to remove water and raw liquids, including condensate. The gas will then be exported to the onshore processing facilities in Darwin via an 889km pipeline. The Ichthys LNG Project is expected to produce 8.4 million tonnes of LNG and 1.6 million tonnes of LPG per annum, along with approximately 100,000 barrels of condensate per day at peak. Detailed Engineering, Procurement and
Construction (EPC) of the Ichthys LNG Project is ongoing and production is scheduled to commence by the end of 2016.

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