Golar, PTTEP enter FEED for FLNG project offshore Australia

Golar LNG has signed an agreement with PTTEP to jointly enter into front end engineering and design (FEED) studies for a proposed Australian FLNG project off North West Australia.

Offshore staff

HAMILTON, Bermuda -- Golar LNG has signed an agreement with PTTEP to jointly enter into front end engineering and design (FEED) studies for a proposed Australian FLNG project off North West Australia.

Agreement in principle has also been reached on the commercial structuring of the Australian FLNG project, which provides for Golar to participate in the gas value chain on a 50:50 basis with PTTEP. It is intended that Golar will farm into the gas reserves held by PTTEP resulting from its recent acquisition of Coogee Resources.

07/09/2009

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