Neoleum aims to generate step changes in its industry value creation by accelerating the monetisation of a range of discovered but stranded gas resources in Sub-Saharan Africa with an Expected Ultimate Recovery (EUR) of at least 500 Billion Cubic Feet (BCF).
Neoleum achieves this by deploying its predetermined low cost and small-scale onshore skid mounted LNG plant, gravity-based, and barged-based Floating LNG (FLNG) solutions for the entire LNG business value chain - upstream field development, LNG plant, LNG receiving terminals,regasification and power generation facilities.
Neoleum has teamed up with the leading developer of barge-based FLNG solutions, to construct at its shipyard, and deploy a 1 MTPA FLNG Vessel using gas from a stranded shallow water asset. The project is currently under development, and has the support of the local regulatory bodies, the National Oil Company and IOC (Operator). The Project also benefits from a low FID threshold due to existing infrastructure in place, lower costs at smaller volumes, and expects to reach FID in 2024.Neoleum aims to replicate the model across other gas assets by: