AGENDA Teach-in series overview Speaker introductions Critical factors of LNG plant construction Key questions to ask Preview of next teach-in Artist rendition
Critical components to deliver low-cost LNG Rapidly commoditizing global LNG market favors projects that deliver the lowest-cost LNG on the water Todays topic Future topics Construction Basin Basis Project team Gas supply…
Unmatched LNG development experience Tellurians management team has 100 years of combined LNG development experience around the world 79 mtpa Charif Souki Chairman of the Board Co-founder of Tellurian Founded Cheniere in 1996,…
Todays presenters Howard Candelet President Driftwood LNG Joined Tellurian after 54 years at BG Group and more than 40 years dedicated to LNG, where he held many senior management positions in general operations, project management,…
Critical factors of LNG plant construction Artist rendition
Delivering low-cost LNG on the water LNG value chain to FOB Cost considerations 3-4/mmBtu FOB Debt Upstream Upfront capex Liquefaction Midstream + Gas supply & Long-term transport opex Liquefaction FOB cost components…
Most important elements to get this right To achieve low costs, project team must properly balance cost management with execution and life-cycle risk Key choices Strategy Impacts of getting it right 1 Project team Team size Deliver…
Project delivery team Different approaches to building project management team, managing various levels of risk Outsourced Lean and efficient IOC model Allocate resources Gold-plated Strategy based on criticality Extensive…
Premier project delivery team at Tellurian Core Tellurian LNG project team has been in place 2 years TELL project team org chart senior leadership Project team highlights 10/11 senior positions on project team already filled CEO…
Key criteria for optimal site selection Gulf Coast LNG site size comparison (acres) Large site minimizes logistical bottlenecks; 1,200 Size enables multiple work fronts Need sufficient space for laydown 1,000 Soil Understanding…
Simultaneous construction of multiple plants Large acreage position at Driftwood LNG avoids delay issues that have affected similar facilities in the region Driftwood LNG phasing Pipe+ Civil Steel Start In Civil works & Plant 1…
Critical to understand subsurface Understanding subsurface crucial for the success above ground; robust geotechnical analysis required pre-FID Why subsurface is critical Subsurface logging and sampling Allows understanding of soil…
Identifying piling scope critical to success Getting it right is a critical success factor for project construction; project owner bears subsurface risk/deviations Boring and penetration test plot Extensive pile-driving program…
Plant design choices: weighing risk vs. cost Overall plant size Scale Number of trains Footprint Standardized / bespoke design Repeatability Fit for purpose specifications Proven / unproven suppliers Demonstrated value Innovation…
Driftwood design leverages experience Driftwood LNG design components Driftwood LNG site schematic 27.6 mtpa Capacity 20 trains of 1.38 mtpa each Off the shelf equipment Repeatability Proven suppliers (GE, Chart, Siemens)…
EPC strategies There are multiple ways to go about managing your EPC Time and materials Fragmented wrap Full wrap - LSTK Provision Indirects Construction Indirects Construction OWNER Engineering Engineering Bulk…
EPC strategy critical to project execution Key considerations for EPC contractor selection Key terms for a robust EPC contract Sole source vs. joint venture/consortium Extensive wrap with minimal and appropriate provisional sums…
Bechtel: leading contractor in LNG Bechtel has delivered 30% of the worlds LNG capacity covering 9 countries and 18 customers Bechtel global LNG project portfolio Key Bechtel highlights Over 50 years of LNG construction experience,…
Timing and cost de-risked with LSTK contract Minimal costs outside the 15.5 billion contractual wrap, and limited scope for change order relief Bechtel responsibilities Fully wrapped, fixed price contract Bechtel guarantees Design…
Driftwood LNG: ready to break ground Value of pre-FID investment Assembled premier projects team 3 years working closely with Bechtel on Driftwood LNG All permits (FERC, DOE, USACE) secured Maturity of design 27% complete…
Takeaways Artist rendition
Focus on delivering low cost in the right areas Best practices for cost control Areas to avoid cutting costs One EPC contractor with demonstrated Reduce real estate spend capability, bandwidth and balance sheet Fit-for-purpose…
Questions to ask LNG developers How experienced is the project management team What senior-level relationships do you have with your contractor and major project Team partners What is the depth of experience in your owners team What…
Questions to ask LNG developers (contd) How mature are your engineering and procurement efforts at the start of construction Does your contractor have demonstrated capability in delivering LNG projects What experience does your team…
Next teach-in preview Future topics Construction Basin Basis Project team Gas supply Pipeline access Execution strategy Infrastructure Midstream construction Facility design Producer dynamics Managing hub risk Site Sourcing…
Loading...
