SOURCE: Industrial Info Resources

Industrial Info Resources

March 16, 2010 05:00 ET

Shell Formalizes Prelude FLNG Contracts With Technip-Samsung Consortium, an Industrial Info News Alert

PERTH, AUSTRALIA--(Marketwire - March 16, 2010) -  Researched by Industrial Info Resources (Sugar Land, Texas) -- Royal Dutch Shell plc (NYSE:RDS.A) (The Hague, Netherlands) has formalized announcements made in 2009 by signing two contracts with the consortium of Technip SA (OTC:TKPPY) (Paris, France) and Samsung Heavy Industries Company Limited (SEO:010140) (Seoul, South Korea) for the Prelude floating liquefied natural gas (FLNG) project off the coast of Western Australia. Shell and the Technip-Samsung consortium signed a master agreement in July 2009 to cover the design, construction and installation of an FLNG facility, with the option for a further nine units to be developed over 15 years.

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