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Transborders Energy Signs Partnership Agreement With SBM Offshore

Source: www.gulfoilandgas.com 6/29/2020, Location: Not categorized

Transborders Energy (Transborders) is pleased to announce it has entered into a FLNG Solution Partnership Agreement with Single Buoy Moorings Inc. (SBM Offshore) for co-pursuing the deployment of Transborders’ FLNG Solution on a range of stranded offshore gas resource opportunities.

Transborders’ FLNG Solution provides a pre-engineered one point five (1.5) million tonne per annum floating LNG facility with a package of streamlined commercial arrangements and a robust regulatory approval execution plan to gas resource owners.

Under this Partnership Agreement, for future project opportunities, Transborders has designated SBM Offshore as its exclusive operation and maintenance services contractor for its FLNG facilities. SBM Offshore will also be the exclusive contractor for the part of the FEED services and the engineering, procurement, construction services related to the turret mooring and hull scopes of Transborders’ FLNG facilities.

Transborders’ Managing Director Daein Cha says, “We are very pleased to welcome SBM Offshore as our strategic partner. SBM Offshore is the global leader for design, supply, installation, operations and leasing of floating production systems and is strategically committed to develop and operate our FLNG facilities.”

Together with its strategic partners SBM Offshore, Kyushu Electric Power, Mitsui O.S.K. Lines, Ltd., other world class LNG buyers, TechnipFMC and Add Energy, Transborders can convert a range of stranded gas resources into ‘project sanction (FID) ready’ state within 24 months after the Transborders FLNG Solution deployment, while also allowing LNG buyers access to competitive LNG supply sources.

Transborders’ FLNG Solution development work is also designated as a “Major Project” from the Australian Federal Government.

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