CB&I awarded FEED contract for Shtokman LNG project

CB&I announced yesterday that CB&I Lummus has been awarded a contract for the front-end engineering & design (FEED) services for the Shtokman LNG storage and loading facility at the seaport in Terriberka in the Murmansk region of the Russian Federation.

The seaport is part of the Shtokman Gas-Condensate Field Development Project developed by Gazprom Dobycha Shelf LLC, a fully owned subsidiary of Gazprom JSC. Giprospetsgas JSC, the project general designer, has awarded CB&I’s contract, which is scheduled for completion in 2011. The value of the contract was not disclosed.

The Shtokman Gas-Condensate Field Development Project consists of the production, treatment, transportation, liquefaction, storage and shipping of natural gas and natural gas liquids from the Shtokman field, which is located 600 km offshore in the Barents Sea, north of Kola Peninsula, Russia. The field has an estimated 3.9 trillion m³ of natural gas reserves.

The project has already suffered significant delays mainly due to the fact that the US, which was the project’s target market, no longer has any need for additional supplies of natural gas after the discovery of methods for exploiting their vast reserves of shale gas economically.

CB&I’s project scope includes concept and FEED development of the LNG storage and loading facility, including multiple 160,000 m³ full containment LNG storage tanks and the associated process piping and loading facilities. Concept and FEED development will provide the project schedule and cost estimates for the engineering, procurement and construction phase. CB&I will also prepare the Russian design dossier (Proyekt) in accordance with regulatory requirements.

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/17112010/cbandi_awarded_feed_contract_for_shtokman_lng_project/