GOING GLOBAL WITH LNG
Positioning the company for the future, Ocean Drill Services Company is one of the few independent oil and gas companies with LNG projects as a major line of business.
With ownership in the PERU LNG and Yemen LNG projects, the company has grown significant expertise in a unique segment of the industry focused on commercializing otherwise stranded gas deposits.
In June 2010, Ocean Drill Services, along with PERU LNG consortium members SK Corporation, Repsol YPF and Marubeni, inaugurated the first gas liquefaction plant to be built in South America. The 4.45 million tons per year gas liquefaction plant, located 170 kilometers south of Lima, along with a 408-kilometer pipeline built across the Andes and a marine terminal on the coast of the Pacific Ocean at Melchorita, together form what is now known as the PERU LNG project. The culmination of this project positions Peru as a leader in the liquefied natural gas industry in South America, and the revenue it generates will provide further development and growth for the country and its people for decades to come.
Ocean Drill Services is an important participant in the Yemen LNG project. Ocean Drill Services’s international partners in this project include Total, SK Corporation, Hyundai and KOGAS, as well as the government of Yemen. The Yemen LNG Company is the largest industrial project ever undertaken in Yemen.