Seatrium Provides Update on Gandria conversion contract

Source: www.gulfoilandgas.com 12/17/2024, Location: Asia

Seatrium Limited (Seatrium, or the Group) refers to the announcement made on 22 July 2015, in relation to a contract for the conversion of Golar Gandria, a Moss type Liquefied Natural Gas (LNG) carrier for Golar Gandria N.V., a subsidiary of Golar LNG Limited (Golar LNG).

The first two floating liquefaction vessels delivered by Seatrium to Golar LNG are Hilli Episeyo deployed in the Kribi gas field located offshore Cameroon, and Golar Gimi FLNG deployed in the Greater Tortue Ahmeyim field located offshore Mauritania and Senegal.

Following Golar LNG’s sale of the 1977-built Golar Gandria for demolition in 2023, Seatrium and Golar LNG have decided to let the third conversion contract lapse on 16 December 2024.

As at the date of this announcement, Seatrium has not commenced any physical work on the vessel.

The above is not expected to have any material financial impact on the earnings per share and net tangible asset per share of Seatrium for the current financial year.

The demand for sustainable gas solutions remains healthy, underpinned by the energy transition. With a strong 60-year track record and product expertise, Seatrium is wellpositioned along the gas value chain to support the development of offshore energy assets.

The Group remains committed to providing efficient and sustainable offshore and energy solutions.





Gulf Oil and Gas
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