In The NewsMedia Coverage of Pieridae's New Experienced SVP LNG Hire

August 28, 2020

Pieridae names new executive to lead Goldboro LNG development
Daily Oil Bulletin Wednesday, August 26, 2020, 6 AM MDT

Pieridae Energy Limited has hired Andy Mukherjee as senior vice-president LNG to lead the development of its multibillion-dollar Goldboro LNG project.

has worldwide expertise in front-end engineering and design, detailed engineering, procurement, contracts, construction, and commissioning (EPCC), including module fabrication and construction related to mega LNG projects and oil and gas in North America and overseas.

Mukherjee has extensive experience working with EPCC contractors such as Jacobs, Worley, SNC Lavalin, Bechtel and Fluor, in addition to managing EPCC contractors Wood Group, McDermott, KBR, Chiyoda and JGC for fixed price contracts. He is also adept at working with multiple stakeholders, including government agencies, First Nations, contractors, subcontractors, vendors, third party agencies, auditors and trade unions.

“We are very pleased to have someone with Andy’s vast, 30-plus years of experience join our team and lead the development of our Goldboro LNG project,” said Pieridae CEO Alfred Sorensen. “Andy has worked on modular design and execution of four major global LNG projects: Qatargas NFE LNG, Cameron LNG, INPEX-Ichthys LNG and British Gas QCLNG. His contribution to modularization in Canada is well recognized, and he has significant exposure to major module yards in Asia.”

Pieridae hires Mukherjee to lead Goldboro LNG Project
Oil & Gas Journal Wednesday, August 26, 2020

Pieridae Energy Ltd. has named Andy Mukherjee P.Eng. as senior vice-president LNG to lead the development of the Goldboro LNG project, effective Aug. 27.

Mukherjee has experience working with EPCC contractors Jacobs, Worley, SNC Lavalin, Bechtel, and Fluor, in addition to managing EPCC contractors Wood Group, McDermott, KBR, Chiyoda, and JGC for fixed price contracts. He has worked on modular design and execution of four major global LNG projects: Qatargas NFE LNG, Cameron LNG, INPEX-Ichthys LNG, and British Gas QCLNG.

A final investment decision on the Nova Scotia, Canada, project was delayed to 2021 due to market conditions and the global fallout from COVID-19 (OGJ Online, Apr. 16, 2020). Pieridae expects Goldboro to begin exports by fourth-quarter 2023.

Goldboro will have a send-out capacity of 10 million tpy, loadable onto vessels as large as 250,000 cu m. The plant includes three 230,000 cu m storage tanks and will load 7-13 ships/month.

Pieridae banks on experience for Goldboro LNG
Offshore Energy Adnan Bajic Wednesday, August 26, 2020

Mukherjee has been named as senior vice-president LNG. He has worldwide expertise in front-end engineering and design, detailed engineering, procurement, contracts, construction, and commissioning (EPCC) including module fabrication and construction related to mega LNG projects and oil and gas in North America and overseas.

Mukherjee will officially join Pieridae on August 27, 2020, Pieridae said in its statement.

Pieridae CEO Alfred Sorensen said, “Andy has worked on modular design and execution of four major global LNG projects: Qatargas NFE LNG, Cameron LNG, INPEX-Ichthys LNG and British Gas QCLNG. His contribution to modularization in Canada is well recognized, and, he has significant exposure to major module yards in Asia.”

Sorensen expects Mukherjee to lead Goldboro LNG through the open book estimate and deliver a lump-sum turnkey EPCC contract for the project to prepare it for a positive final investment decision next year.

Mukherjee has experience working with EPCC contractors such as Jacobs, Worley, SNC Lavalin, Bechtel and FLUOR, in addition to managing EPCC contractors Wood Group, McDermott, KBR, Chiyoda and JGC for fixed price contracts.

He is also adept at working with multiple stakeholders, including government agencies, First Nations, contractors, subcontractors, vendors, third party agencies, auditors and trade unions, the statement reads.

Pieridae hires experienced SVP to lead its Goldboro LNG Project
LNG Industry Will Owen Thursday, August 27, 2020

Pieridae Energy Ltd has hired veteran LNG industry professional Andy Mukherjee P.Eng. as Senior Vice-President LNG to lead the development of its multi-billion dollar Goldboro LNG Project.

Mukherjee has worldwide expertise in front-end engineering and design (FEED); detailed engineering, procurement, contracts, construction, and commissioning (EPCC); including module fabrication and construction related to mega LNG projects and oil and gas in North America and overseas.

“We are very pleased to have someone with Andy’s vast, 30+ years of experience join our team and lead the development of our Goldboro LNG Project,” said Pieridae CEO Alfred Sorensen. “Andy has worked on the modular design and execution of four major global LNG projects: Qatargas NFE LNG, Cameron LNG, INPEX-Ichthys LNG, and British Gas QCLNG. His contribution to modularisation in Canada is well recognised, and, he has significant exposure to major module yards in Asia.

“I have every confidence Andy will lead Goldboro LNG through the open book estimate and deliver a lump sum turnkey EPCC contract for the project to prepare us for a positive final investment decision next year,” concluded Sorensen.

According to Pieridae’s company statement: “Mukherjee has extensive experience working with EPCC contractors such as Jacobs, Worley, SNC Lavalin, Bechtel, and FLUOR, in addition to managing EPCC contractors Wood Group, McDermott, KBR, Chiyoda, and JGC for fixed price contracts. He is also adept at working with multiple stakeholders, including government agencies, First Nations, contractors, subcontractors, vendors, third party agencies, auditors, and trade unions.”

“I am very excited to join Pieridae and eager to get to work and move the Goldboro LNG Project across the finish line,” said Mukherjee. “My commitment to health, safety, and environment policies and procedures is unwavering – safety is my number one priority.”

Pieridae Hires LNG Vet For Goldboro
AllNovaScotia.com August 27, 2020 Dan Walsh

Pieridae Energy is tapping an LNG industry veteran to lead the development of its Goldboro export terminal and get the $10-billion project back on track.

The Calgary-based junior producer and development-phase firm, led by CEO Alfred Sorensen, has hired Andy Mukherjee as senior VP for LNG (liquefied natural gas).

Mukherjee's 30-year-plus career includes modular design experience on four major LNG projects - the offshore North Field Expansion project by Qatargas, the Cameron LNG plant in Louisiana, the Inpex-Ichthys project offshore Australia and the former British Group-owned, turned Royal Dutch Shell asset, QCLNG in Queensland, Australia.

Last month, Shell took a US$8.1-billion writedown on its two main Australian LNG assets, including Queensland, reflecting the historic low commodity prices currently eroding the economics behind big LNG projects.

Mukherjee's arrival at Pieridae comes as Sorensen's team is replacing the engineering firm hired to deliver a guaranteed cost estimate for Goldboro (see 2020-08-13).

In July, Kellogg Brown & Root backed out of its deal to provide a "turnkey" estimate for the engineering, procurement, construction and commissioning costs for the project (see 2020-07-14).

KBR has agreed to hand over all of its EPCC work to a replacement contractor, Pieridae said earlier this month.

Despite the setback, the firm is forging ahead with development work as it continues to de-risk Goldboro.

Mukherjee's extensive experience includes working with EPCC contractors such as Bechtel, Jacobs, SNC Lavalin, Worley and Fluor, Pieridae said Wednesday.

"I have every confidence Andy will lead Goldboro LNG through the open book estimate and deliver a lump sum turnkey EPCC contract for the project, to prepare us for a positive final investment decision next year," Sorensen said in a statement.

Pieridae generated a $19.3-million operating profit from its Alberta foothills gas operation in its most recent quarter ending June 30.

The cash flow is courtesy of its $190-million acquisition last year of Shell Canada's western gas and liquids projects - assets central to Pieridae's plan to supply Goldboro with LNG.

The company's Alberta production averaged 43,791 barrels of oil equivalent (boe) per day, up from 15,368 boe/d last year.

Pieridae is forecasting 2020 net operating income to land between $70 million and $90 million, and production between 40,000 and 45,000 boe/d.

Capex is expected to ring in at $15 million, with another $16 million in Goldboro development expenses.

Shares closed at 30 cents, unchanged (52-week high/low: $1.60/12 cents).

Pieridae hires Muckherjee as SVP LNG
Kallanish Energy Friday, August 28, 2020

Alberta-based Pieridae Energy has hired Andy Mukherjee as senior vice president LNG to lead the development of its liquefied natural gas project in eastern Canada, Kallanish Energy reports.

He joined the company on Aug. 27 and is described by the company as an LNG industry professional with experience in North America and overseas.

In his 30 years, Mukherjee has experience on four major LNG projects: Qatargas NFE LNG, Cameron LNG, INPEX-Ichthys LNG and British Gas QCLNG, the company said.

He has extensive experience working with EPCC contractors such as Jacobs, Worley, SNC Lavalin, Bechtel and FLUOR.

He has also managed EPCC contractors Wood Group, McDermott, KBRm Chiyoda and JGC for fixed-price contracts.

“I am very excited to join Pieridae and eager to get to work and move the Goldboro LNG Project across the finish line,” Mukherjee said in a statement.

The $10 billion facility would be located at Goldboro, Nova Scotia. It would process natural gas from Alberta that has been moved via pipeline to Nova Scotia.

It has acquired natural gas assets in Alberta from Shell Canada.

The plant is designed to produce 10 million tons of LNG per year It would process about1.3 billion cubic feet of natural gas per day, starting in 2025 or 2026.

The project is fully permitted.

Pieridae has agreements with the German utility Uniper to buy 50% of the LNG.

About 3,500 workers would be involved in the construction.

A final investment decision is pending.

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