Golar LNG Partners buys stake in Hili Episeyo FLNG

Golar LNG, Keppel, and Black and Veatch have entered into an agreement to sell its stakes in Golar Hilli, a company that owns the Hilli Episeyo FLNG vessel.

The FLNG unit, being converted in the Keppel yard in Singapore, will be deployed later this year in Cameroon, to produce gas for Perenco.

The three companies said on Wednesday that the buyer was Golar LNG Partners, which will, upon the closing of the transaction, indirectly own the Golar Episeyo floating liquefied natural gas vessel.

As for the interest to be acquired by Golar LNG Partners, it represent the equivalent of 50% of the two liquefaction trains, out of a total of four, that have been contracted to Perenco Cameroon SA and Societe Nationale Des Hydrocarbures for an eight-year term.

The sale price for the interests is $658 million less net lease obligations under the financing facility for the Hilli that are expected to be between $468 and $480 million.

Upon the closing, which is subject to certain conditions, Golar, Keppel and B&V will sell 50% of the Common Units to the Partnership in return for the payment of the net purchase price of between approximately $178 and $190 million. The sale is expected to close on or before April 30, 2018.

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply