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July 22, 2015updated 10 Mar 2022 8:43am

Singapore’s Keppel awarded $684m contract for Golar FLNG conversion

Singapore-based Keppel Shipyard Limited has been awarded a $684m contract by Golar LNG for the conversion of a Moss type liquefied natural gas (LNG) carrier, the Gandria, into a Golar floating liquefaction (GoFLNG) facility.

Singapore-based Keppel Shipyard Limited has been awarded a $684m contract by Golar LNG for the conversion of a Moss type liquefied natural gas (LNG) carrier, the Gandria, into a Golar floating liquefaction (GoFLNG) facility.

The latest contract follows after Golar exercised a second option for conversion of a third Moss LNG carrier. The first option was exercised in December 2014.

Keppel Offshore & Marine managing director (Marine and Technology) Michael Chia said: “GoFLNG facilities are set to reduce the cost and time required to monetise and deliver offshore gas to market. Now a year underway, the Hilli conversion project is progressing to plan.

“This third GoFLNG contract re-validates our delivery timeframes and price levels, further demonstrating the technical and commercial competitiveness, and lower implementation risks inherent in our solution.

” This third GoFLNG contract re-validates our delivery timeframes and price levels, further demonstrating the technical and commercial competitiveness, and lower implementation risks inherent in our solution..”

“Keppel Shipyard has recently set up a new design and technology arm, Gas Technology Development (GTD), to focus further efforts on solutions for LNG markets.

“With enhanced capabilities and more innovative solutions, we look forward to supporting our valued customers like Golar in commercialising mid-scale LNG offshore sources in relatively benign met-ocean conditions in a more timely and cost-efficient manner.”

Under the contract, Keppel Shipyard will provide the design, detailed engineering and procurement of the marine systems and all of the conversion-related construction services.

Keppel’s partner Black & Veatch will provide design, procurement and commissioning support services for the topsides, as well as the liquefaction process using its established PRICO technology.

Work on the contract will begin after the company receives a notice to proceed, which is expected to be issued in 2016.

Gandria is expected to be delivered in approximately 31 months after receipt of the notice.

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