Vessels

FLNG Gimi conversion nearing completion

Feb. 28, 2023

Golar LNG says a strong balance sheet position, low leverage and strong cash flow from operations allow for expansion of the FLNG business.

Offshore staff

OSLO, Norway — Golar LNG says conversion of the FLNG Gimi for a 20-year contract with bp offshore Mauritania/Senegal was 92% technically complete on Feb. 12.

The vessel is on track to sail away by mid-year to the Greater Tortue Ahmeyim development. The bp-owned FPSO, which has to be commissioned ahead of Gimi's commissioning, is in Singapore and should arrive on site during the second quarter.

The Hilli Episeyo, property of the Norwegian Golar, is the first FLNG resulting from the conversion of a 294-m LNG tanker built in 1975. It has been anchored 2 km from the Sanaga 1 platform off Kribi since November 2017.

Golar is stepping up engagement with prospective clients for a potential redeployment of FLNG Hilli once its current contract ends. The vessel has been moored 2 km from the Sanaga 1 platform offshore Kribi, Cameroon since late 2017.

The company also has secured an option to acquire a 148,000-cu.-m design LNG carrier for a MKII FLNG conversion, with client talks underway on a potential deployment.

02.28.2023