Chinese yard to convert drilling rig to floating production unit for Africa LNG project - Upstream Online
Chinese yard to convert drilling rig to floating production unit for Africa LNG project | Upstream Online
Chinese yard CIMC Raffles has won a contract from Italian major Saipem to convert its semi-submersible drilling rig Scarabeo 5 into a floating production unit (FPU) for operation offshore West Africa.
Chinese yard to convert drilling rig to floating production unit for Africa LNG project
CIMC Raffles to convert Saipem’s semi-submersible rig Scarabeo 5 into an FPU for Eni venture
14 August 2023 3:42 GMT Updated 14 August 2023 6:17 GMT
By
in Singapore
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.