Wison Offshore & Marine and Western LNG signed a technical service agreement (TSA) for the new floating liquefied natural gas (LNG) project that Western is developing in British Columbia, Canada.
Pursuant to the TSA, Wison will develop the basis of design (BOD) and carry out front-end engineering design (FEED) for the proposed FLNG to be sited at the proposed facility.
Western has also agreed to the appointment of Wison as the EPC service provider for the floating liquefaction plant upon project FID, Wison said in its statement.
Under the terms of the TSA, Wison will provide a FEED package which is expected to be completed in less than 40 weeks after the BOD is finalized.
Western’s initial project in British Columbia, Canada aims to bring Canadian natural gas from the Montney, Horn River, and other Western Sedimentary Basins to markets in northeast Asia.
The company’s development activities are supported by funds managed by units of Apollo Global Management, a large, an investment manager with more than $245 billion in assets under management.
Award of the TSA is a significant step towards commercialization of the project based on joint studies by Western and Wison, who also expect to leverage this high-value solution for a number of additional FLNGs, the statement reads.
Last year, Wison delivered the Caribbean FLNG on an EPC basis following liquefaction performance testing carried out at its yard in China.