Offshore staff
OSLO, Norway — Golar LNG expects the Gimi FLNG vessel for bp’s Greater Tortue gas project offshore Mauritania/Senegal to depart the yard in Southeast Asia next month.
It will then undergo final checks, storing up and sea trials in Singapore before embarking on the voyage to West Africa around the end of September/early October.
A contract interpretation dispute between Golar and bp concerning parts of the precommissioning contractual cash flows has yet to be resolved and arbitration proceedings have been initiated.
Following a memorandum of understanding in April, Golar and Nigeria’s state oil company NNPC have agreed to an integrated contractual framework for the joint development of certain gas fields via potential FLNG projects. The fields could use the Hilli FLNG following the end of its current contract offshore Cameroon in mid-2026, or alternatively a prospective MKII FLNG.
At the same time, the company is working on both vessels, including commercial term negotiations with gas resource owners and interaction with governments in various countries.
The MKII FLNG is projected to have an annual LNG capacity of 3.5 MMt/year. Golar estimates the cost of a converted Fuji FLNG at about $2 billion, equivalent to $570 per ton.
In Italy, Golar LNG entered a six-month operation and services agreement with Snam for the Tundra FSRU from May 31, 2023. However, Snam’s deadline for issuing a Notice to Proceed with the FSRU conversion of the Golar Arctic recently expired, and Golar is now considering alternatives for the vessel including other conversion projects, chartering or a sale.
08.11.2023
