Transborders, SBM ink FLNG pact
Australian independent Transborders Energy has signed a partnership deal with Dutch floating specialist SBM Offshore to develop FLNG projects.
The partnership will pursue the deployment of Transborders’ FLNG solution on a range of stranded offshore gas resource opportunities, the Australian company said on Monday.
The FLNG solution provides a pre-engineered 1.5 million tonne per year floating LNG facility.
The solution also includes a package of commercial arrangements and a regulatory approval execution plan to gas resource owners.
Under the new deal, Transborders has selected SBM Offshore as its exclusive operation and maintenance services contractor for its FLNG units.
The Dutch company will also be the exclusive contractor for the part of the FEED services and the EPC services related to the turret mooring and hull scopes of Transborders’ FLNG facilities.
Together with its strategic partners, Transborders says it can convert a range of stranded gas resources into ‘project sanction (FID) ready’ state within 24 months after its FLNG deployment.
The company’s FLNG development work is also designated as a “major project” from the Australian government.