Delfin Announces Advancements in Newbuild FLNG Vessel Development
Yesterday, Delfin Midstream (“Delfin”) announced further progress in the development of its offshore LNG project. The press release states that Delfin initiated cooperation with Samsung Heavy Industries (“SHI”) and Black & Veatch in the 4th quarter of 2018 and successfully completed a pre-FEED study for a Newbuild FLNG Vessel in the first half of 2019. The parties have also been developing a Term Sheet for a Lump-Sum, Turnkey Engineering, Procurement, Construction, Installation and Commissioning contract (“LSTK EPCIC”) for the construction and completion of the Newbuild FLNG Vessel. Delphin announced “it has entered into new agreements for front-end design and engineering work with SHI and Black & Veatch. Delfin and its partners are on-track for completion of the engineering work, including a fully termed LSTK EPCIC by the middle of 2020, for the proposed Delfin LNG project.”