Gimi MS Corp. a subsidiary of Golar LNG Ltd, acquired written notification of a drive majeure declare from BP Mauritania Investments Ltd underneath the Lease and Operate Agreement, dated February 26, 2019, between the Company and BP, regarding the Greater Tortue Ahmeyim venture.
The Notice acquired from BP claims that as a result of current outbreak of the novel coronavirus (COVID-19) across the globe, BP isn’t in a position to be able to obtain the floating liquefied pure fuel facility (FLNG) GIMI on the goal connection date in 2022.
BP estimates at this stage that the consequential delay brought on by the claimed drive majeure occasion is within the order of 1 12 months and that it isn’t presently doable to mitigate or shorten this delay. Golar has requested BP to make clear how a drive majeure occasion found as just lately as the tip of March 2020 might instantly affect the schedule by an estimated one 12 months.
Based on the knowledge acquired as of at the moment the Company is partaking in clarification and an lively dialogue with BP to ascertain the length of the delay and the extent to which this has been brought on by the claimed drive majeure occasion. However, in anticipation of a possible delay, the Company has commenced discussions with its fundamental constructing contractor, Keppel Shipyard to re-schedule actions to be able to cut back and reprofile its capital spending commitments for 2020 and 2021.
The Company is evaluating the discover and reserves all of its rights underneath the settlement.
(Source: Golar LNG – Image: FLNG Gimi/Seatrade Maritime)
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