Petroleum Africa
Find us on: 
Friday, August 18, 2023
Golar LNG and NNPC have agreed on an integrated contractual framework for the joint development of specific gas fields towards potential FLNG projects. The relevant fields could fully utilize FLNG Hilli following the end of her current contract in mid-2026 or utilize a MKII FLNG.
This development follows the signing of the memorandum of understanding (MoU) between Golar and NNPC in April of this year.
In its Interim Results ending June 30, Golar further stated that “Development of commercial opportunities also continues outside Nigeria for FLNG Hilli and our prospective MKII FLNG, including commercial term negotiations with gas resource owners and government interaction in potential countries of operation. The complexity of offshore gas developments drives the timeline for potential announcements of binding terms for incremental FLNG work. We continue to develop our potential MKII FLNG project with an annual capacity of 3.5MTPA. The cost of a converted FLNG Fuji is expected to be around $2.0 billion, equivalent to approximately $570 per ton. Financing proposals for between $1.2 to $1.5 billion, that are not contingent on an employment contract are being discussed.”
In related news, Golar says that the FLNG Gimi is scheduled to leave the yard in September 2023. “Final checks, storing up and sea trials will then take place in Singapore ahead of her voyage to Mauritania and Senegal, expected to commence around the end of September/early October.”
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
