Engineering firms awarded deal

By CLARISSA MOI
KUMUL Petroleum Holdings Limited (KPHL) has awarded two contracts to design and develop a floating, storage, re-gasification and power (FSRP) generation unit in Lae.
Responding to queries from The National, the state-owned company said the awarding of the two contracts would facilitate additional electricity generation for the people.
The first of the FSRP development contracts has been awarded to Chiyoda Corporation of Japan in partnership with Moss Maritime of Norway.
The second contract has been awarded to Wison Offshore and Marine based in Shanghai, China.
KPHL said it had undertaken a robust facility design and development request for quotation and evaluation process attracting several of the world’s most experienced floating offshore facility engineering and construction companies.
Kumul Petroleum’s mandate is to aggregate and distribute both domestic and equity invested gas allocations from existing and future PNG development projects.
“Kumul Petroleum has awarded these contracts on the basis of holding a design competition between the two requests for quotation compliant engineering contractors (one Japanese and one Chinese) as each of their design options presented offered very different, and very interesting, value benefits to PNG, such as significant capital cost reductions and fast track schedules.”
“Kumul Petroleum has taken a leadership role by awarding these two design and engineering development contracts that will facilitate the additional electricity generation for the people of PNG and assist in fast tracking development of heavy industry.”