CNOOC could deploy an FLSRU in its two recent discoveries in the Qiongdongnan Basin.
China National Offshore Oil Corp. (CNOOC) has shelved plans to deploy an FLNG vessel to develop its Lingshui 17-2 deepwater gas discovery in the South China Sea because it would be too expensive, a source with direct knowledge of the project has told Interfax.
The source said he had not seen a final estimate, but noted an FLNG vessel with a capacity of 1.2 mtpa could cost as much as RMB 10 billion ($1.60 billion).
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