• Gimi is the second Floating Liquefaction Vessel conversion for Golar LNG, making Seatrium the only organisation in the world to deliver two FLNG conversions • The Gimi FLNG project demonstrates Seatrium’s commitment to sustainability as endof-life LNG tankers are repurposed into FLNG vessels • Seatrium’s innovative FLNG conversion solutions reduce GHG emissions in line with meeting the industry’s growing needs
Singapore, November 20, 2023 -- Seatrium Oil & Gas (Americas) Limited (a member of Seatrium Group) announced today the successful delivery of the world’s second converted Floating Liquefaction Vessel (FLNGV) to Gimi MS Corporation, a subsidiary of Golar LNG Limited.
The Gimi FLNG will be stationed at a nearshore hub located on the Mauritania and Senegal maritime border, and is expected to begin production next year as part of the first phase of the Greater Tortue Ahmeyim project.
Gimi was converted from a 1975-built Moss LNG carrier with a storage capacity of 125,000 cubic metres. It is designed for 20 years of operations on-site without dry docking, with a liquefaction capacity of 2.7 million tonnes per annum and contracted to operate near shore in 30 metres of water depth.
Mr Chris Ong, CEO of Seatrium said, "We are delighted to deliver the world's second FLNGV conversion in partnership with Golar LNG. Gimi is a testament to the strong track record of the projects we have delivered to Golar over the years, and reflects their confidence in Seatrium as a partner in the development and conversion of high-quality, sustainable and robust production units. Leveraging our deep engineering expertise in complex offshore conversion projects, as well as our capabilities in executing LNG-related EPC (engineering, procurement, construction) projects, we offer innovative and reliable floating liquefaction solutions to meet the growing midstream needs of the LNG industry.”
The conversion of Gimi is part of a broader suite of solutions developed by Seatrium to address the industry’s focus on energy transition, with LNG widely regarded as a transition fuel. The Group’s proprietary FLNG conversion solutions are quick-to-market and reduces GHG emissions by 33% on average as compared to a newbuilt option. Seatrium previously delivered Gimi’s predecessor, Hilli in 2017, which is currently operating with a 100% uptime in Cameroon, Central Africa.
In brief
Seatrium Oil & Gas (Americas) Limited says it has delivered Gimi, a converted floating liquefaction vessel, to Gimi MS Corporation, a Golar LNG subsidiary. The vessel is intended for a nearshore hub on the maritime border between Mauritania and Senegal, where it is expected to start production the following year as part of the first phase of the Greater Tortue Ahmeyim project. Converted from a 1975 LNG carrier, Gimi is designed to operate on site for 20 years and has a stated liquefaction capacity of 2.7 million tonnes per annum. Seatrium says its FLNG conversion approach reduces greenhouse gas emissions by an average of 33% compared with a newbuild option. The delivery follows the company’s conversion of Hilli, delivered in 2017.
Key takeaways
- Seatrium says Gimi is its second floating liquefaction vessel conversion delivered for Golar LNG.
- Gimi is planned for operations near the Mauritania-Senegal maritime border as part of the Greater Tortue Ahmeyim project.
- The vessel has a stated liquefaction capacity of 2.7 million tonnes per annum.
- Seatrium says its conversion solutions reduce greenhouse gas emissions by an average of 33% versus a newbuild option.
Mr Karl Fredrik Staubo, CEO of Golar LNG said, "Golar is pleased to complete conversion of the FLNG Gimi and set sail for Gimi’s 20-year operation for BP and Kosmos offshore Mauritania/ Senegal. We would like to thank Seatrium, Black and Veatch and other suppliers for another successful FLNG delivery. With Gimi soon on-site for start-up of operations Golar will double its operating fleet of FLNGs and bring total installed liquefaction capacity of up to 5.1mtpa. As the leading, independent owner and operator of FLNG units globally, we are committed to enable monetisation of attractive proven gas fields through our market leading operational track record, attractive capex/ton of liquefaction capacity which is amongst the industry’s most efficient emissions/ton produced LNG.”
Since its first LNGC drydocking and ship repair in the 1980s, Seatrium has built deep expertise and knowledge of LNG-related cryogenic systems. The Group is today the industry leader in designing and building of complex turnkey solutions, including newbuilds, conversions and repairs for vessels supporting the LNG value chain. Some of its achievements include developing Singapore’s first LNG bunkering vessel - the FueLNG Bellina in 2021, Singapore’s first floating energy storage system - the Floating Living Lab, as well as various dual-fuel LNG dredgers and tugs, purpose-built LNG carriers and LNG-powered containerships.
– The End –
Successful delivery of Gimi FLNG, the second Floating Liquefaction Vessel conversion for Golar LNG (Photo Credit: Seatrium Limited)
About Golar LNG
Golar LNG is one of the world's largest independent owners and operators of LNG midstream infrastructure with over 40 years of industry experience. Golar's innovations have delivered the world's first Floating Storage and Regasification Unit (FSRU) based on the conversion of an existing LNG carrier followed by the world's first floating liquefaction vessel (FLNG), also based on the conversion of an existing carrier. Both solutions have proven themselves to be amongst the quickest to deliver at the lowest cost. Together with Golar Power, Golar seeks to become the industry's leading integrated midstream LNG services provider, supporting resource owners, gas producers and gas consumers. For more information, please visit www.golarlng.com
About Seatrium Limited
Seatrium Limited (formerly Sembcorp Marine Ltd and renamed as Seatrium Limited following its merger with Keppel Offshore & Marine Limited) provides innovative engineering solutions to the global offshore, marine and energy industries. Headquartered in Singapore, the Group has 60 years of track record in the design and construction of rigs, floaters, offshore platforms and specialised vessels, as well as in the repair, upgrading and conversion of different ship types.
The Group’s key business segments of Oil & Gas Newbuilds and Conversions; Renewables and New Energies; Specialised Shipbuilding; and Repairs & Upgrades provide a diverse suite of products and services, with a growing focus on sustainable solutions to advance the global energy transition and maritime decarbonisation.
As a premier global player offering offshore renewables, new energy, and cleaner offshore & marine solutions, Seatrium is committed to delivering high standards of safety, quality, and performance to its customers who include major energy companies, owners of floating production units, shipping companies and cruise and ferry operators.
Seatrium operates shipyards and other facilities in Singapore, Brazil, China, Indonesia, Japan, the Philippines, Norway, the United Kingdom and the United States.
Discover more at seatrium.com.
For more information, please contact:
Ms Judy Tan
Head, Investor Relations and Corporate Communications
Tel No: +65 9710 9784
Email: [email protected]
Ms Clarissa Ho
Senior Manager, Investor Relations and Corporate Communications
Tel No: +65 9632 1253
Email: [email protected]
If you detect any issues, problems, or errors in this press release content, kindly contact [email protected] to notify us (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). We will respond and rectify the situation in the next 8 hours.
Questions around this news
What does a floating liquefaction vessel do?
A floating liquefaction vessel processes natural gas at sea, cooling it into liquefied natural gas (LNG) so it can be stored and transported by ship. The floating setup can be used near offshore gas fields, linking production and processing without relying solely on facilities built on land.
How does converting an LNG carrier compare with building a new vessel?
The release describes repurposing an existing LNG tanker as an alternative to constructing a new vessel. Seatrium says its proprietary conversion solutions reduce greenhouse gas emissions by an average of 33% compared with a newbuild option. The release presents this as part of its approach to meeting the LNG industry’s energy-transition needs.
What does midstream mean in the LNG industry?
Midstream refers to the parts of the gas supply chain that move, store, process, or prepare gas for delivery between production and final use. In LNG, this can include liquefaction, shipping, storage, and regasification. These activities connect gas fields with markets and consumers.
