Daewoo Engineering has been selected as the preferred negotiator for the core plant project of the Papua New Guinea LNG project. This marks the company's acquisition of the main EPC contractor status nearly four years after securing the basic design contract in 2022.
On August 13, Daewoo Engineering announced that it was chosen as the EPC preferred negotiator for the 'Papua CPF and Wellpads EPSCC' project by TotalEnergies, the main project owner of the Papua New Guinea LNG project.
Daewoo Engineering had previously disclosed this information on August 4. This achievement follows its selection as the successful bidder for the FEED 1 and 2 basic design in July 2022, leading to the current EPC phase.
The Papua LNG project is one of the largest resource development projects in Papua New Guinea, extracting natural gas from the Elk-Antelope gas field to produce approximately 6 million tons of LNG annually.
Daewoo Engineering will independently handle the entire process of designing, procuring, constructing, and commissioning the central gas processing facility (CPF) and associated facilities, which will process and refine the natural gas produced at the gas field for supply to the liquefaction plant near the capital, Port Moresby.
The CPF is a critical facility that removes impurities from the natural gas produced at the gas field and prepares it for liquefaction, making it essential for the efficiency and stability of the entire LNG production process. This requires advanced design and construction capabilities.
With this selection as the preferred negotiator, Daewoo Engineering has reaffirmed its global competitiveness in the LNG plant sector. Notably, its experience in executing the first phase of the Papua New Guinea LNG project has enabled it to secure the main contractor status for subsequent projects.
This development is significant as domestic construction companies expand their overseas projects beyond simple civil and architectural contracts to include high-value LNG and energy infrastructure plant contracts.
If this project leads to a formal contract, it is expected to enhance Daewoo Engineering's overseas order performance and strengthen its plant sector portfolio. The company has recently diversified its business portfolio, focusing on high-value sectors such as nuclear power, LNG, data centers, and overseas urban development projects.
A representative from Daewoo Engineering stated, “We achieved this preferred negotiator selection based on our successful experience in the first phase of the Papua New Guinea LNG project and our capabilities in executing FEED. We will do our utmost to secure the main contract and ensure successful execution of the project.”
* This article has been translated by AI.
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