Eni’s Tango FLNG is expected to go online offshore Republic of Congo in 2023, and the operator has signed a contract for a second FLNG unit for the Marine XII block.
Wison Heavy Industry will construct and install the second FLNG unit, which will have a capacity of 2.4 million tonnes per annum (mtpa). The vessel will be 380 m long and 60 m wide and moored in 40 m water depth. It will be able to store 180,000 cubic meters of LNG and 45,000 cubic meters of LPGs.
First steel on the cryogenic tanks was cut on Dec. 20, and long-lead items have been ordered. This unit is expected to bring overall LNG production capacity in Marine XII to over 3 mtpa, or over 4.5 Bcm/year in 2025. The Tango FLNG has a 0.6 mtpa capacity.
In August, Eni reported it acquired from the company Export LNG Ltd., which owned the Tango FLNG floating liquefaction facility. The Tango FLNG, built in 2017, has a treatment capacity of 3 MMcm/d and an LNG production capacity of about 1 Bcm/year.
The units are both part of Eni’s Marine XII gas valorization plan. In April this year, Eni signed a framework agreement with the country to boost joint E&P operations and increase natural gas exports.
Recommended Reading
BP Starts Oil Production at New Offshore Platform in Azerbaijan
2024-04-16 - Azeri Central East offshore platform is the seventh oil platform installed in the Azeri-Chirag-Gunashli field in the Caspian Sea.
Russia Orders Companies to Cut Oil Output to Meet OPEC+ Target
2024-03-25 - Russia plans to gradually ease the export cuts and focus on only reducing output.
Global Oil Demand to Grow by 1.9 MMbbl/d in 2024, Says Wood Mac
2024-02-29 - Oil prices have found support this year from rising geopolitical tensions including attacks by the Iran-aligned Houthi group on Red Sea shipping.
Oil Rises After OPEC+ Extends Output Cuts
2024-03-04 - Rising geopolitical tensions due to the Israel-Hamas conflict and Houthi attacks on Red Sea shipping have supported oil prices in 2024, although concern about economic growth has weighed.
Oil Market Shifting Back to Supply/Demand
2024-03-08 - Stratas Advisors' John Paisie forecasts the price of Brent crude to increase during the second and third quarters of this year and move toward $90/bbl.