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Wison Offshore & Marine Wins Second Floating LNG Contract

Source: www.gulfoilandgas.com 2/11/2014, Location: Asia

Wison Offshore & Marine (Wison) was awarded contract for the delivery of a barge-based floating LNG regasification unit from Pacific Midstream Holding Corp., a 50/50 joint venture between EXMAR NV (Exmar) and Pacific Rubiales Energy Corp. (PRE).

The regasification unit will be built at Wison’s wholly-owned and operated fabrication facility in Nantong, China, where Wison is presently in the process of fabricating the Caribbean FLNG project, also for EXMAR and PRE, which is currently on budget and on schedule for delivery. Under the agreement for the regasification unit, Wison affiliates will be responsible for the turnkey engineering, procurement, construction, installation and commissioning (EPCIC) of the project with delivery anticipated for the fourth quarter of 2015.

The agreement marks Wison’s second award this year for a barge-based floating LNG regasification facility following the previous announcement in January of an agreement with VGS for a LNG import project located offshore Andhra Pradesh, India.

“Through our work on the Caribbean FLNG unit, Wison has worked very hard to solidify our relationship with EXMAR and PRE, two of the leaders in the LNG market, and we are honored that they continue to put their trust in Wison for the delivery of these projects,” said L. Dwayne Breaux, President of Wison Offshore & Marine Ltd. “With this being our second floating regasification barge award in as many months, we hope to further solidify our place in the industry as one of the leading suppliers of LNG facilities.”

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