HiLoad secures floating re-gasification license off the Philippines

Offshore staff

ARENDAL, NorwaySevan Marine has issued an update on its various floating production programs.

The company continues to provide engineering and site support services for the Goliat and Western Isles field developments in the northern Norwegian and UK offshore sectors. Both feature circular Sevan FPSOs.

Sevan adds that it is entitled to a variable license fee linked to production from Western Isles, which operator Dana Petroleum does not expect to bring onstream before the second half of 2017.

Recently Sevan completed a feasibility study for a major oil company concerning use of the cylindrical hull concept for a floating LNG (FLNG) development. This could lead to a further paid study during 2016.

The HiLoad LNG subsidiary has continued development of both the HiLoad offloading system for FLNG and the Floating Regas Dock (FRD) for small scale re-gasification projects.

For offloading, HiLoad has been working with Technip to integrate and simulate use of the latter’s offloading technology with the HiLoad.

As for the FRD, HiLoad signed its first license and service agreement in early January with Vires Energy to support a re-gasification project in the Philippines. Construction is expected to start later this year.

02/24/2016

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