Golar FSRU Golar Freeze Lined Up for Jamaican Project

Laxman Pai
Tuesday, November 6, 2018

Norwegian shipping company Golar LNG Partners is deploying a floating storage and regasification unit (FSRU) to Jamaica for up to 15 years from the fourth quarter of 2018.

"FSRU Golar Freeze will shortly arrive offshore Jamaica where she will service a 15-year charter for an energy and logistics company," the partner company of Golar LNG Limited said in a stock market annoucement.

From commencement of commercial operations, expected during January, 2019, hire will be receivable at the full daily base rate, initially expected to deliver approximately $18 million in annual Adjusted EBITDA, it said.

Meanwhile, Golar Maria's 10-month charter commenced in early August.  Spot voyages prior to this resulted in the vessel achieving a utilization rate of 89% for the quarter.  As a result of the charter the vessel will improve utilization and TCE1 rates over the next year.

Golar Mazo was reactivated from warm layup during September and commenced a voyage charter in early October.  This was subsequently extended at an attractive rate.

Kuwait National Petroleum Company, charterers of the FSRU Golar Igloo have extended the 2018 regas season to include December.  A decision on the exercise of their option to extend the charter by a further year is expected by the end of November.

Categories: LNG Offshore Energy FRSU

Related Stories

VARD Snags $125M Shipbuilding Deal for Subsea Construction Vessel

Woodside Inks Long-Term LNG Supply Deal with China Resources

ADNOC Signs 15-Year LNG Supply Deal with Osaka Gas for Ruwais Project

Tokyo Gas Enters LNG Market in Philippines

SLB Names Raman CSO, CMO

ADNOC Secures LNG Supply Deal with India's BPCL

Europe's Gas Uncertainty Help Drive Asian LNG Spot Prices Higher

Vestas Lands First 15MW Offshore Wind Turbine Order in Asia Pacific

The Five Trends Driving Offshore Oil & Gas in 2025

China’s CNOOC Brings Bohai Sea Oil Field On Stream

Current News

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

EnQuest Bags Two Production Sharing Contracts off Indonesia

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Indonesia Awards Oil and Gas Blocks to Boost Reserves

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

CNOOC Puts Into Production New Oil Field in South China Sea

Sunda Energy Starts Environmental Consultation for Chuditch-2 Well Drilling Plans

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com