On Monday September 16th, Transborders Energy Pty Ltd (Transborders) announced that it had signed a Memorandum of Understanding for Collaboration (MoU) with Osaka Gas Co., Ltd (Osaka Gas).
This MOU allows the facilitation of information and knowledge sharing for both companies to evaluate projects that could commercialise stranded offshore gas resources, based on Transborders’ FLNG Solution.
Eduardo Robaina, Executive Vice President of Operations says that Add Energy has supported Transborders in its endeavours through a joint study agreement since the 1st of May 2018.
He said, “Our vision at Add Energy is to provide world leading engineering solutions to support our industry from concept to maturity. We are continually working hard to extend our capabilities to meet ongoing changes and innovations in the industry.
“We have supported Transborders Energy’s FLNG Solution from the outset, as it has the potential to unlock stranded gas resources in Australia and throughout the world.
“The signing of a Memorandum of Understanding with Osaka Gas is another significant milestone for Transborders. We are confident in their way forward and excited to be part of their journey”
The joint study between Add Energy and Trasborders has allowed Transborders to enhance the technical and commercial robustness of its groundbreaking, low-cost Generic FLNG Solution for monetising stranded gas resources. The agreement allows the parties to work together to enhance the technical and commercial definition of the Generic FLNG Solution and consists of:
Completing technical Pre-Front End Engineering and Design (Pre-FEED) for the development well scope of the Generic FLNG Solution.
Completing negotiation of key terms of major agreements for underpinning the reserve booking, as well as facilitating project sanction (FID).
The involvement of Add Energy in developing Transborders’ Generic FLNG Solution provides significant credibility and predictability of cost and schedule for the company’s generic FLNG Solution.
Transborders’ FLNG Solution provides a pre-engineered one point three (1.3) million tonne
per annum floating LNG facility, with a package of streamlined commercial arrangements and
a robust regulatory approval execution plan to gas resource owners.
Transborders leads a group of selected tier one companies including Add Energy, Technip FMC and MODEC to deliver the FLNG Solution to:
Convert stranded resources to “FID ready” in 24 months
Allow LNG buyers to access competitive LNG
Replicate and grow the FLNG deployment business.
Transborders FLNG Solution has obtained “Major Project” designation in Australia.
About Add Energy
Add Energy is an international consultancy provider for the energy industry, combining specialised engineering and proprietary software solutions. Our global team of experts deliver a complete suite of optimised consultancy services related to drilling and wells, EPC, operations and maintenance, as well as safety and risk management for oil and gas operations.