Keppel confirms signing of Golar FLNG vessel conversion

Singapore: Keppel Shipyard has now confirmed the signing of a contract with Golar Hilli Corporation, a subsidiary of Golar LNG Ltd, to perform the conversion of an existing Moss LNG carrier, the Hilli, into a Floating Liquefaction Vessel (FLNGV). 
The contract is worth around $735m and includes options for two further LNG carriers to be converted.
Keppel Shipyard shall be responsible for the design, engineering and procurement of the marine systems and all of the conversion-related construction services. The conversion has been approved in principle by DNV and will take about 31 months, with completion set for the first quarter of 2017.
Michael Chia, managing director (marine & technology), Keppel Offshore & Marine, said, “The FEED study for Golar has come into fruition with the award of the world’s first FLNG conversion project to Keppel Shipyard. 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." [03/07/14]