BP contracts FLNG vessel for long-term service at Tortue Ahmeyim

BP and Golar LNG have entered a 20-year lease and operate agreement for the charter of the FLNG vessel Gimi for the Greater Tortue Ahmeyim gas-condensate development offshore Senegal and Mauritania.

Feb 26th, 2019

Offshore staff

OSLO, Norway – BP and Golar LNG have entered a 20-year lease and operate agreement for the charter of the FLNG vessel Gimi for the deepwater Greater Tortue Ahmeyim gas-condensate development off Senegal and Mauritania.

Operations are due to start in 2022, with theGimi liquefying gas as part of the first phase development, at a near-shore hub location.

The vessel is designed to produce an average of 2.5 MM metric tons/yr (2.75 MM tons) of LNG, using Black & Veatch’s Prico liquefaction process.

Gas resources across the field are around 15 tcf.

Gimi MS will construct, own and operate the vessel. Conversion works of the LNG carrierGimi should begin soon at Keppel Shipyard in Singapore.

Golar estimates the cost of construction at around $1.3 billion, excluding financing.

CEO Iain Ross said: “This landmark 20-year agreement with BP, which is Golar’s second FLNG tolling agreement, is the culmination of a lot of hard work and commitment from the project and commercial teams that commenced late 2017.

“The potential of Golar’s floating LNG solution was reinforced byFLNGHilli Episeyo’s proof of concept, heads of terms were agreed with BP and its partners in April 2018 and work has been ongoing via the previously reported limited notice to proceed.”

02/26/2019

More in Field Development