Exmar negotiating employment for offshore barges

Offshore staff

ANTWERP, BelgiumExmar expects commissioning of its Caribbean FLNG vessel to start in the next few weeks.

The barge is available for alternative long-term employment after a previous arrangement was canceled.

Exmar is in discussions for a deployment mainly in the Middle East or West Africa, and is amending previously agreed financing terms with the Industrial and Commercial Bank of China to reflect the new delivery conditions.

The contractor is also negotiating long-term employment opportunities for a regasification barge under construction at Wison Offshore & Marine, again in China. Exmar is confident of securing long-term lease this year.

The company’s offshore accommodation barges Wariboko and Nunce remain on long-term contracts, while the Kissama is employed until the summer, with extension options.

Exmar has received an approach to sell part of its ownership in the Wariboko barge to its logistical partner, Springview, which could strengthen its local presence in the Nigerian market.

Interest remains high in the company’s OPTI semisubmersible production platform design, adopted by LLOG in the Gulf of Mexico, Exmar claims. EOC is developing a new design of a Micro – OPTI targeted at small fields producing less than 40,000 b/d of oil.

03/29/2016

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Exmar's Caribbean FLNG
Caribbean FLNG vessel (Courtesy Exmar)

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