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 Target Double Eagle Ups Midland Oil Output 114% YOY
2025-01-27 - Double Eagle IV ramped up oil and gas production to more than 120,000 boe/d in November 2024, Texas data shows. The E&P is one of the most attractive private equity-backed M&A targets left in the Permian Basin.
On The Market This Week (Jan. 20, 2025)
2025-01-24 - Here is a roundup of marketed oil and gas interests in the Delaware Basin, Midcontinent and Bakken from select sellers.
IOG Resources II Buys Non-Op Utica Shale Interests
2025-02-26 - IOG Resources II is expanding in Appalachia with an acquisition of Utica working interests in eastern Ohio.
After Big, Oily M&A Year, Upstream E&Ps, Majors May Chase Gas Deals
2025-01-29 - Upstream M&A hit a high of $105 billion in 2024 even as deal values declined in the fourth quarter with just $9.6 billion in announced transactions.
NOG Spends $67MM on Midland Bolt-On, Ground Game M&A
2025-02-13 - Non-operated specialist Northern Oil & Gas (NOG) is growing in the Midland Basin with a $40 million bolt-on acquisition.