Angola LNG Limited Licenses ConocoPhillips Natural Gas Liquefaction Technology
HOUSTON, Feb. 1, 2008 -- ConocoPhillips [NYSE:COP] today announced a license agreement with Angola LNG Limited for the application and use of ConocoPhillips’ proprietary natural gas liquefaction technology. The agreement provides a license to utilize the ConocoPhillips Optimized CascadeSM Process in the development of Angola LNG Limited’s liquefied natural gas (LNG) facility, which will be the first gas liquefaction facility to be built in Angola and will be located near Soyo in the Zaire Province.
The facility is expected to have a nominal LNG capacity of 5.2 million tonnes per year, and include storage for LNG, liquefied petroleum gas (LPG) and condensate, and a loading jetty sized to accommodate ships up to 210,000 cubic meters. The plant will be constructed by a subsidiary of the Bechtel group of companies.
“This project is a milestone achievement in ConocoPhillips’ LNG licensing efforts. The design demonstrates the flexibility of the ConocoPhillips Optimized Cascade Process to utilize GE Frame 6 and Frame 7 drivers in a unique way that delivers cost improvements while still maintaining the operating advantages of the two-trains-in-one reliability,” said Jim Rockwell, ConocoPhillips LNG Technology and Licensing manager.
“The Bechtel-ConocoPhillips proposal was selected as the successful bid following a comprehensive evaluation of two competitive proposals submitted following the front-end engineering design (FEED) competition for the LNG facility,” said Ken Marrs, Angola LNG Limited project manager.
The ConocoPhillips Optimized Cascade Process has proven to be reliable and economical throughout its nearly 40 years of operation at ConocoPhillips’ Kenai, Alaska LNG liquefaction facility. In addition to the Kenai facility, the ConocoPhillips Optimized Cascade Process is currently employed at Point Fortin, Trinidad and Tobago (four trains); Idku, Egypt (two trains); Darwin, Australia; and Malabo, Equatorial Guinea. The ConocoPhillips-Bechtel Global LNG Collaboration was formed in 1996 to capitalize on ConocoPhillips’ LNG technology expertise and Bechtel’s world-class know-how in designing and executing grassroots LNG facilities.
Angola LNG Limited, owner of the project, is a company whose shareholders are affiliates of Sonangol (22.8%), Chevron (36.4%), BP (13.6%), Total (13.6%) and ENI (13.6%). The Angola LNG project is an integrated gas utilization project encompassing offshore and onshore operations to monetize gas resources from blocks located offshore of Angola. First LNG from the project is expected by early 2012.
ConocoPhillips is an integrated energy company with interests around the world. For more information, go to www.conocophillips.com. For more information on licensing the ConocoPhillips Optimized Cascade Process, visit http://lnglicensing.conocophillips.com or call 713-235-2127.
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