
Shell's Prelude FLNG facility, the largest man-made floating vessel, was built in South Korea. (Source: Shell video)
Royal Dutch Shell’s Prelude floating LNG (FLNG) facility has left a shipyard in South Korea for its destination offshore northwest Australia, the company said on June 29.
Shell’s $12.6 billion Prelude project is expected to start operating next year, the company said, after long delays since the oil major first decided to go ahead with the project in 2011.
Once the facility arrives in Australia, it will be secured to the seabed by mooring chains before it can be connected to the gas field and start operating, Shell said.
The Prelude FLNG was built by a Technip Samsung Heavy Industries consortium in the South Korean shipyard of Geoje.
Recommended Reading
M&A Competition Off to the Races as Mesa Minerals Kicks Off Fourth Iteration
2025-04-16 - The Mesa Minerals IV launch comes as M&A competition grapples for mineral and royalty interests, no matter the basin, says Mesa Minerals CEO Darin Zanovich.
E&Ps Pivot from the Pricey Permian
2025-02-01 - SM Energy, Ovintiv and Devon Energy were rumored to be hunting for Permian M&A—but they ultimately inked deals in cheaper basins. Experts say it’s a trend to watch as producers shrug off high Permian prices for runway in the Williston, Eagle Ford, the Uinta and the Montney.
On The Market This Week (April 7, 2025)
2025-04-11 - Here is a roundup of marketed oil and gas leaseholds in the Permian, Uinta, Haynesville and Niobrara from select E&Ps for the week of April 7, 2025.
Sabine Oil & Gas to Add 4th Haynesville Rig as Gas Prices Rise
2025-03-19 - Sabine, owned by Japanese firm Osaka Oil & Gas, will add a fourth rig on its East Texas leasehold next month, President and CEO Carl Isaac said.
Devon, BPX to End Legacy Eagle Ford JV After 15 Years
2025-02-18 - The move to dissolve the Devon-BPX joint venture ends a 15-year drilling partnership originally structured by Petrohawk and GeoSouthern, early trailblazers in the Eagle Ford Shale.