Keppel finalising contracts on second FLNG vessel conversion for Golar

Expect a firm contract by October.

Keppel Offshore and Marine’s wholly-owned subsidiary Keppel Shipyard today revealed that it is in the process of finalising contracts with Golar Gimi, a subsidiary of Golar LNG Limited, to perform the conversion of a second Moss LNG carrier, the GIMI, into a Floating Liquefaction Vessel (FLNGV).

This follows a similar contract that Keppel Shipyard clinched with Golar Hilli Corporation in July, under which Keppel will perform the world’s first-of-its-type conversion of a Moss LNG carrier into an FLNGV with options for another two similar units.

The forthcoming conversion award of the GIMI will mark the exercise of the first of these two options, and rhe work scope for Keppel Shipyard in converting the GIMI is expected to be similar to that for the HILLI.

According to Michael Chia, Managing Director (Marine & Technology), Keppel O&M, “We are happy that Golar LNG is looking into their second FLNGV conversion, and is finalising discussions withKeppel Shipyard to perform this second conversion.”

A further announcement will be made upon the execution of a firm contract, which is expected by October 2014, for the conversion of the GIMI. Upon execution of the contract, full construction activities will only commence when Keppel Shipyard receives a notice to proceed which is expected to be given on or after 1 January 2015 but no later than November 2015.

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