Kawasaki to Build Natural Gas Compressors for FPSO to be Used in Oil Project off Vietnam

Tokyo, October 24, 2012,Kawasaki Heavy Industries, Ltd. announced today that it has received an order for two natural gas compressors for a floating production, storage and offloading (FPSO) system which will be operated in oil fields off the coast of Vietnam near Vung Tau. The oil field development project is being led by Lamson Joint Operating Company.

An FPSO is a floating vessel designed to process and store crude oil extracted from offshore oil fields until it can be offloaded onto a tanker. These vessels can be operated at any water depth and are also easy to transfer and reuse.The FPSO will be used for the development project at the Thang Long and Dong Do fields, located 160 km off the coast of Vung Tau. PetroVietnam Technical Services Corporation is an EPCI (Engineering, Procurement, Construction, Installation) and Time Charter main contractor for the FPSO package.

The compressors to be built by Kawasaki will be used to pressurize gas separated during the oil production process and transfer it to the mainland via a submarine pipeline. The order comes from Global Process Systems Pte. Ltd., a Singapore-based company constructing the FPSO topside. Delivery of the compressors is scheduled for  April 2013. Commercial operation of the FPSO is expected to begin in the fourth quarter, 2013.

The order is a testament to Kawasaki's proven track record and reliability as a supplier of natural gas compressors. Kawasaki will continue to expand the sales of its natural gas-related products and actively pursue its energy and environmental business.