Keppel Shipyard bags second FLNG contract

Keppel Shipyard bags second FLNG contract

Singapore-based Keppel Shipyard has secured a contract worth $705M from Golar Gimi to perform the conversion of a second Moss LNG carrier, the GIMI, into a Floating Liquefaction Vessel (FLNG).

Michael Chia, MD (Marine & Technology) of the Keppel Offshore & Marine, the parent company of Keppel Shipyard was pleased with the contract and noted that the “second contract comes just six months after the first contract”.

The conversion contract of the GIMI marks the exercise of the first of two options, which were part of an earlier firm contract awarded by the UK-based Golar Gimi to Keppel Shipyard for the conversion of another Moss LNG carrier, the HILLI, into an FLNG vessel. The Golar HILLI is set to be deployed to an offshore gas field in Cameroon in 1H17.

The conversion work of GIMI is handled similarly with HILLI, of which Keppel Shipyard will once again engage engineering, procurement and construction (EPC) company, Black & Veatch for design and commissioning support services for the topsides, as well as the liquefaction process utilising its established PRICO technology.

In the meantime, Keppel Shipyard will provide the design, detailed engineering and procurement of the marine systems and all of the conversion-related construction services for the conversion project.

Work is expected to commerce no later than November 2015, after Keppel Shipyard receive a confirmation to proceed with the construction of GIMI. During the waiting period, Keppel Shipyard has already placed orders for long-lead primary equipment such as gas turbines and cold boxes, meant for the conversion project. Upon receiving the notice to proceed, Golar Gimi FLNGV is scheduled to be delivered in around a 33 months period.

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