Keppel Shipyard, the wholly-owned subsidiary of Keppel Offshore & Marine, said that the contract which entered into with Golar Hilli Corporation, a subsidiary of Golar LNG Ltd, to perform the world’s first conversion of an existing Moss LNG carrier, the Hilli, into a Floating Liquefaction Vessel (FLNGV), has become effective. The contract is worth US$735 million ($918 million).
In carrying out the FLNGV conversion, Keppel Shipyard will be responsible for the provision of the design, detailed engineering and procurement of the marine systems and all of the conversion-related construction services. Keppel Shipyard’s scope also includes engaging Black & Veatch to provide design, procurement and commissioning support services for the topsides and liquefaction process.
This contract, which includes options for another two similar units, follows the completion of a year-long Front-End Engineering and Design (FEED) study by Keppel Shipyard and Black & Veatch. The FEED study was conducted as part of the terms of a term sheet agreement with Golar to convert up to three LNG carriers into FLNG vessels.
The conversion has been approved in principle by DNV in accordance with their classification rules and international standards. The FLNGV will take about 31 months to convert and is expected to be completed in the first quarter of 2017.
Michael Chia, Managing Director (Marine & Technology), Keppel O&M, said, “We are excited to collaborate with trend-setting partners such as Golar and Black & Veatch. Keppel Shipyard had successfully delivered to Golar the world’s first Floating Storage and Regasification Unit (FSRU) back in 2008, which was followed by two more similar units.”
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