Transborders Energy and Buru Energy concludes FLNG pre-feasibility study, Add Energy to work on next phase

Transborders Energy (Transborders) is pleased to announce that it has completed a pre-feasibility study (study) for a Kimberley based compact Floating Liquified Natural Gas (FLNG) plant solution with Buru Energy (Buru, Company) regarding Buru’s potentially large-scale Rafael conventional gas and condensate discovery in the Canning Basin.

Transborders has executed an “FLNG Solution Framework Agreement,” a multi-party and multi-project collaborative arrangement among Transborders and its partners, one of which is Add Energy (part of ABL Group ASA) to collectively commercialise a series of remote gas resources.

As part of the next phase of work on this commercialisation option for the Rafael resource, Buru will work with Transborders and its multi-project collaboration partners Kyushu Electric Power, Mitsui O.S.K. Lines, Technip Energies, SBM Offshore and Add Energy (part of ABL Group ASA), to refine the objectives, work scope and cost and schedule parameters associated with the next phase of pre-FEED definition.