Golar LNG Ltd has signed a primary contract with Singapore’s Keppel Shipyard Ltd for conversion of the LNG carrier Golar Gimi to a floating liquefaction facility (an FLNGV).
Keppel has simultaneously entered into a sub-contract with Black & Veatch, who will provide its licensed PRICO® technology, perform detailed engineering and process design, specify and procure topside equipment, and provide commissioning support for the FLNGV topsides and liquefaction process.
This agreement is very similar to that of the Golar Hilli.
Coincident with the execution of these agreements, long-lead orders for primary equipment (i.e. gas turbines and cold boxes) will be immediately released. Golar LNG anticipates that the conversion vessel Gimi will be delivered to Keppel shipyard in Singapore as early as the second quarter of 2015, following which the conversion project will commence with renewal of key systems onboard the vessel while the topsides are manufactured.
Golar LNG expects the FLNGV conversion to be completed and delivered in approximately 33 months. Additionally, to retain flexibility in the roll out of Golar's floating LNG strategy (GoFLNG), Golar has secured certain beneficial cancellation provisions, which if exercised prior to November 2015, will allow the termination of the contracts and the recovery of previous milestone payments, less a set cancellation fee.
Michael Chia, Managing Director (Marine & Technology), Keppel O&M, said: "We are happy that Golar LNG is proceeding with [its] second FLNGV conversion, and would like to thank them for once again entrusting Keppel Shipyard as [its] lead contractor of choice. This second contract comes just six months after the first contract, and we are encouraged by this positive development. We, together with Golar LNG and our partner Black & Veatch, are confident that FLNGV conversion solutions are indeed the answer to a need to bring small and mid-scale LNG supplies to market in a more timely and cost-efficient manner."
Adapted from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquefaction/02012015/golar-lng-to-convert-second-floating-liquefaction-vessel-005/