EXMAR seeking takers for LNG, OPTI floaters

Offshore staff

ANTWERP, Belgium – Commissioning has started of the new floating LNG vessel Caribbean FLNG. EXMAR anticipates delivery during 2Q, following performance testing at the Wison shipyard.

The contractor is working with Pacific Exploration and Production to find alternative employment for the vessel.

In addition, the DC LNG consortium is waiting for news from the Canadian authorities on the import duty for the FLNG barge.

EXMAR prolonged the option period for a second FLNG at Wison Offshore and Marine until the end of 2016.

A floating storage and regasification unit, also under construction at Wison, should be delivered by year-end 2016. EXMAR is in negotiations with various parties for long-term employment of the unit.

In addition, the contractor is pursuing various projects around the world that could deploy its OPTI production semisubmersible design, selected by LLOG for two projects in the Gulf of Mexico.

EXMAR’s accommodation barges Wariboko and Nunce are operating offshore West Africa and will be fully employed during 2016.

However, Kissama might be redelivered from its current contract in May, and this vessel is currently being offered for employment in the region.

EXMAR adds that oil companies are increasingly pressing for revisions to existing contracts in order to lower day rates.

01/29/2016

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