Golar LNG Ltd.’s floating liquefied pure fuel (FLNG) vessel Gimi has reached its business operations date (COD), triggering a 20-year lease for the BP PLC-operated Larger Tortue Ahmeyim (GTA) venture on the Mauritania-Senegal maritime border.
The venture had already began LNG manufacturing February and dispatched its first cargo April, introducing Mauritania and Senegal as LNG exporters. In the meantime the sector, which BP says is among the deepest offshore developments in Africa with water depths of as much as 2,850 meters (9,350.39 ft), went onstream January.
“LNG manufacturing volumes have efficiently been ramped as much as a stage equal to the annual contracted volumes of roughly 2.4 million tonnes each year, or round 90 p.c of nameplate capability of two.7mtpa”, co-venturer Kosmos Vitality stated in a press launch Monday.
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GTA exported its second and third cargo in Could and June, whereas a fourth is loading. “The fifth cargo is predicted at the beginning of the third quarter”, Dallas, Texas-based Kosmos Vitality added.
“With this anticipated cargo timing, Kosmos forecasts 3.5 gross cargos within the second quarter”.
GTA had been focused to begin manufacturing 2022 in response to BP’s announcement of the FID (remaining funding choice) December 2018. Nonetheless the venture confronted delays.
Kosmos stated in its fourth quarter 2023 monetary report the subsea contractor had been changed.
BP holds a 56 p.c stake in GTA. Kosmos Vitality owns 27 p.c, Senegal’s nationwide oil and fuel firm Petrosen has 10 p.c and Mauritanian counterpart SMH holds the remaining seven p.c.
The FLNG vessel is owned and operated by Bermuda-based Golar. Gimi was constructed 1976 and transformed 2023 with an output capability of two.45 million metric tons each year.
A floating manufacturing, storage and offloading vessel about 40 kilometers (24.85 miles) offshore removes water, condensate and impurities from the fuel earlier than sending it through pipeline to the FLNG, located 10 kilometers offshore.
Golar stated individually on Monday, “Following the achieved COD of FLNG Gimi and announcement of the 2 FLNG charters in Argentina on Could 2, 2025, Golar is accelerating work on its subsequent FLNG unit(s)”.
Final month Golar and its companions within the Southern Vitality venture reached a optimistic FID (remaining funding choice) and fulfilled the situations for the 20-year redeployment of FLNG Hilli, the primary of two vessels for the Argentine pure fuel export venture.
Hilli, absolutely acquired by Golar final yr, will likely be chartered to the venture consortium, Southern Vitality SA (SESA), underneath a contract that’s anticipated to begin up 2027. Hilli started operation 2018 and has been deployed in Cameroon for Perenco SA underneath a contract that expires July 2026.
Concurrently the Southern Vitality companions signed definitive agreements for the 20-year constitution of an MKII-design FLNG vessel, which is being transformed in China. They count on to make an FID this yr and deploy the unit in 2028.
“We proceed to advance business discussions, with charterer demand guiding design selection of the fourth FLNG unit”, Golar stated Monday. “Along with the three.5mtpa MKII possibility at CIMC Raffles shipyard, Golar has signed a remaining engineering research to substantiate EPC worth and supply for a 5mtpa MKIII FLNG and is updating worth and schedule for an as much as 2.7mtpa MKI FLNG”.
To contact the creator, electronic mail jov.onsat@rigzone.com
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