Daewoo E&C Wins Papua New Guinea LNG Bid
Daewoo E&C disclosed on August 13 that it was selected on August 4 by TotalEnergies, the representative project owner of the Papua New Guinea LNG project, as the preferred bidder for the EPC of the ‘Papua CPF and Wellpads EPSCC’ project. This is an achievement made in about four years since being se
On August 13, Daewoo E&C announced it had been chosen as the preferred bidder on August 4 to undertake the EPC of the 'Papua CPF and Wellpads EPSCC' project in Papua New Guinea. This accomplishment was achieved after about four years of being the successful bidder for phases 1 and 2 of the Front-End Engineering Design (FEED) in July 2022. The project aims to extract natural gas from the Elk-Antelope gas field to produce roughly 6 million tons of LNG per year.
Daewoo E&C will manage the entire process, from engineering to commissioning, for the Central Processing Facility (CPF) and accompanying facilities. The CPF processes and refines the natural gas extracted from the gas field, preparing it for liquefaction at a nearby plant in Port Moresby's capital city. The facility is pivotal in ensuring the efficiency and stability of the overall LNG production process.
The selection of Daewoo E&C was based on its accumulated technological capabilities, demonstrated through successful execution of large-scale overseas CPF projects in nations like Nigeria and Algeria. The company's high level of understanding of the regional business environment, including local topography and climate, contributed to its risk management capabilities.
According to a Daewoo E&C official, "This is a remarkable feat achieved by combining the understanding of the project accumulated by participating from the basic design stage with our unique plant technology." The official added, "We will further solidify our position in the global energy market by timely implementing the Final Investment Decision (FID) and main contract signing through to the start of the main construction."
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