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Kumul Petroleum and Wison New Energies sign agreement for Papua New Guinea's first floating LNG project
Oct 18, 2024•over 1 year ago
Contract Type
agreement
Port MoresbyEnergyOil And GasConstructionDescription
An agreement has been signed between Kumul Petroleum and Wison New Energies for pre-front end engineering and design on Papua New Guinea's potential FLNG project, with a capacity to produce 1.5 million tonnes per annum of LNG. The vessel is planned to be deployed in the Gulf of Papua, and the pre-FEED work is projected to be completed by June 2025.
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Agreement Insights
Based on industry dataContract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months