LNG Industry Veteran Oscar Spieler Joins Delfin as Executive Chairman
November 11 2020 - 5:02PM
Business Wire
Today Delfin Midstream (“Delfin”) announced that Oscar Spieler
has decided to join as Executive Chairman of the Board. Mr. Spieler
has had a renowned executive career in the LNG, shipping, offshore
energy, and green energy industries, including as CEO at Golar LNG
(NASDAQ: GLNG), Frontline (NYSE: FRO) and Sea Production, and as
Chairman of Quantafuel (QFUEL-ME). Mr. Spieler brings relevant
expertise, having successfully led the development and execution of
the first FLNG Vessel at Golar, delivering FLNG Hilli Episeyo under
budget and putting it into commercial operation.
Delfin recently announced the completion of its FEED for a
Newbuild FLNG vessel. The FEED results, together with the overall
project development activities, enable the Company to execute the
project for a total capital cost of around 550 $/tpa(1). The
Company is also using its low-cost FLNG infrastructure and
technology to develop additional projects in North America.
Commenting on his appointment, Oscar Spieler said: “Delfin has
developed the most cost-efficient LNG export project in the
continental U.S and combined with a FID threshold of just 2.0 to
2.5 mtpa makes Delfin unique in today’s challenging market. I am
excited to join the Delfin team at this pivotal moment, as we take
our next steps in bringing the project to FID. With the world
transitioning to low-carbon energy over the coming decades, LNG is
an undeniable part of the solution. The uniqueness of the Delfin
cost structure, business model, technology and asset portfolio
means we are capable of providing LNG buyers with low-carbon,
low-cost solutions with significantly more commercial flexibility
than land-based projects.”
Dudley Poston, CEO of Delfin, added: “We are delighted to
welcome Oscar to the team. He brings a wealth of knowledge and
expertise across the LNG value chain. Over the last decade Oscar
has played key roles in the development of some of the most
important innovations in the LNG industry: FLNG, merchant LNG
shipping, FSRUs and small-scale LNG. Most importantly, he has
demonstrated his success in ensuring the financing,
commercialization, operations, execution and viability of each
venture. Oscar’s experience and leadership will be invaluable as
Delfin moves from the development phase to commercial
operations.”
In 2018 Mr. Spieler joined Quantafuel as Chairman of the board,
which in 2020 successfully started its first plastic-to-liquids
plant and completed a successful IPO and private capital raise. Mr.
Spieler has vast board experience both as chairman and/or director
of multiple companies within the shipping, drilling and finance
sectors, including Offshore Merchant Partners, Energy Drilling Ltd,
Jasper Investments, Archer, Avenir LNG, North Atlantic Drilling and
Sealift.
Mr. Spieler has a Master’s Degree in Naval Architecture and
Engineering from the Norwegian University of Science and
Technology. In addition to spending over 15 years in John
Frederiksen’s Sea Tankers group of companies, Mr. Spieler spent 15
years at DNV in Norway and four years with Norwegian Tanker
Operator Bergesen.
(1) Includes all costs up to start of commercial operations
(incl. FLNG Vessel, disconnectable mooring system, pipeline
connections, owner’s costs, transit, installation, commissioning,
contingencies), excl. finance costs, on a nameplate capacity
basis
About Delfin Midstream Inc.
Delfin Midstream Inc. (“Delfin”) is a leading LNG export
infrastructure development company utilizing low-cost Floating LNG
technology solutions. Delfin is the parent company of the Delfin
LNG LLC (“Delfin LNG”) and Avocet LNG LLC. Delfin LNG is a
brownfield Deepwater Port requiring minimal additional
infrastructure investment to support up to four FLNG Vessels
producing up to 13 million tonnes of LNG per annum. Delfin
purchased the UTOS pipeline, the largest natural gas pipeline in
the Gulf of Mexico, in 2014 and submitted its Deepwater Port
license application in 2015. Delfin LNG received a positive Record
of Decision from MARAD and approval from the Department of Energy
for long-term exports of LNG to countries that do not have a Free
Trade Agreement with the United States for up to 13 MTPA. Further
information is available at www.delfinmidstream.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20201111005893/en/
Dudley Poston, CEO, +1 713 824 1597 Wouter Pastoor, COO, +47 900
56 265 info@delfinlng.com or www.delfinmidstream.com Media: Dan
Gagnier Gagnier Communications +1 646-569-5897
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