Multi-million dollar heat exchanger contract from Petronas
Meggitt PLC (“Meggitt” or “the Group”), a leading international company specialising in high performance components and sub-systems for the aerospace, defence and energy markets announces that its Heatric heat exchanger business has been awarded a contract by JGC Corporation (“JGC”) for the supply of printed circuit heat exchangers (PCHEs) for the PETRONAS’ second floating Liquefied Natural Gas facility (PFLNG 2).
JGC leads a consortium for the development of the PFLNG 2 which will be located in gas fields off the Malaysian coast, with a production capacity of 1.5 million tons per year of liquefied natural gas.
Heat exchangers are a key technology employed in offshore gas processing. It combines diffusion-bonding with precision-engineered, chemically-etched flow plates, producing compact, lightweight PCHEs favoured by offshore platforms and vessels where space and weight is at a premium.
As the PCHEs weigh up to 85% less than conventional technology, this reduces the cost of topside super-structure support. The high integrity, seamless weld and joint-free structure of Heatric’s PCHEs means that they are not susceptible to vibration, highly resistant to fire, cannot fail catastrophically and require minimal over-pressure relief systems.
The PCHEs installed on the topsides of the PFLNG 2 facility include the heat exchangers for the liquefaction process, the most critical part of the LNG plant.
The contract follows last year’s award valued at over $100 million for PCHEs for gas processing applications on Petrobras’ floating production, storage and offloading (FPSO) vessels in the Lula and Guará Pre-Salt fields in the Santos Basin, offshore Brazil; and another to supply PCHEs for the Shell Prelude Floating LNG Project, the world’s biggest floating LNG facility. Heatric was selected for this project after more than 10 years’ successful operation of PCHEs in a range of onshore LNG facilities for Shell and other customers.
Stephen Young, Meggitt’s Chief Executive commented: “Heatric is an established supplier to JGC, which has been responsible for constructing about 30% of LNG plants worldwide, including seven new projects in Malaysia, Australia, Indonesia, Papua New Guinea, Russia, and Canada.
“We are delighted that Heatric continues as JGC’s heat exchanger partner as it moves offshore to meet the requirements of ground-breaking FLNG projects such as Malaysia’s PETRONAS’ PFLNG 1 project, the world’s first floating LNG plant located in gas fields more than 1,000 metres beneath the ocean’s surface.”
For further information please contact:
Richard Cashin, Investor Relations Tel: 01202 597597
Charles Ryland, Jeremy Garcia and Louise Mason Tel: 0207 466 5000
Heatric, a Meggitt company, is a leading supplier of highly compact diffusion bonded heat exchangers, supplying over 1,700 PCHEs worldwide over the last 25 years to some of the world’s largest customers within the oil, gas and petrochemical industries.
JGC Corporation is a global engineering company engaged in the design and construction of large energy projects. Headquartered in Yokohama, Japan, JGC is listed on the Tokyo Stock Exchange. The PFLNG 2 project will be the second floating LNG plant to be constructed for the Malaysian offshore gas fields by the JGC-led consortium. JGC’s main responsibility will be the engineering and procurement of the LNG facilities. Samsung Heavy Industries in South Korea will construct the hull and modular facilities.
Headquartered in the United Kingdom, Meggitt PLC is an international group operating in North America, Europe and Asia. Known for its specialised extreme environment engineering, Meggitt is a world leader in aerospace, defence and energy. Meggitt employs over 11,000 people at over 50 manufacturing facilities and regional offices worldwide.