Golar LNG receives Limited Notice to Proceed for an FLNG vessel for Phase 1 of the Greater Tortue / Ahmeyim Project, West Afr...
December 17 2018 - 6:16AM
Hamilton, Bermuda, December 17, 2018 - Golar LNG
Limited ("Golar LNG" or "Golar") announced today that it has
received a Limited Notice to Proceed ("LNTP") from BP Mauritania
Investments Ltd and BP Senegal Investments Ltd, (together "BP") in
their capacity as block operators, in respect of the provision of a
Floating Liquefaction Vessel (" FLNG") to support the development
of Phase 1 of the Greater Tortue / Ahmeyim field, located offshore
Mauritania and Senegal.
The LNTP is in furtherance of the Preliminary
Agreement and Heads of Terms for a Charter Agreement with BP which
was announced by Golar on April 19, 2018.
The vessel conversion would take place at Keppel
Shipyard Ltd ("Keppel") building on Keppel's delivery of the FLNG
Hilli Episeyo, utilizing Black and Veatch Corporation's PRICO
technology. Discussions regarding a minority investment in
the vessel are also being progressed.
FORWARD LOOKING STATEMENTS
This press release contains certain
forward-looking statements concerning future events and Golar's
operations, performance and financial condition. Forward-looking
statements include, without limitation, any statement that may
predict, forecast, indicate or imply future results, performance or
achievements, and may contain the words "believe", "anticipate",
"expect", "estimate", "project", "will be", "will continue", "will
likely result", "plan", "intend" or words or phrases of similar
meanings. These statements involve known and unknown risks and are
based upon a number of assumptions and estimates that are
inherently subject to significant uncertainties and contingencies,
many of which are beyond Golar's control. Actual results may differ
materially from those expressed or implied by such forward-looking
statements. Important factors that could cause actual results
to differ materially include, but are not limited to, those factors
listed from time to time in the reports and other documents Golar
files with the United States Securities and Exchange
Commission.
New factors emerge from time to time, and it is
not possible for Golar to predict all of these factors. Further,
Golar cannot assess the impact of each such factor on its business
or the extent to which any factor, or combination of factors, may
cause actual results to be materially different from those
contained in any forward-looking statement. Golar does not intend
to release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in Golar's
expectations with respect thereto or any change in events,
conditions or circumstances on which any such statement is
based.
Hamilton, Bermuda
December 17, 2018
Enquiries:
Golar Management Limited: + 44 207 063 7900
Stuart Buchanan
Golar LNG (NASDAQ:GLNG)
Historical Stock Chart
From Aug 2024 to Sep 2024
Golar LNG (NASDAQ:GLNG)
Historical Stock Chart
From Sep 2023 to Sep 2024