Golar and bp enter into commercial reset arrangements for FLNG Gimi
05 Agosto 2024 - 5:25AM
Golar LNG Ltd. (“Golar”), and
bp, as Operator of the Greater Tortue-Ahmeyim LNG Project, have
executed agreements to implement a commercial reset for FLNG Gimi.
The commercial reset agreement simplifies contractual cash flows
and settles previous disputes related to payment mechanisms for
pre-commercial operations date (“Pre-COD”) contractual cash flows.
Golar and bp have agreed an updated schedule of daily payments
until the Commercial Operations Date (“COD”). The daily payments
have step-up mechanisms based on project milestones up to COD and
are secured by long stop dates. Golar will also be entitled to
certain lump sum bonus payments subject to achievement of certain
project milestones. These Pre-COD cash flows are expected to be
deferred on the balance sheet and amortized over the 20-year
contract term from COD.
The commercial reset settles all ongoing
disputes including the current arbitration process and re-aligns
the parties towards reaching COD.
To shorten the time to COD the parties have also
agreed to start the commissioning of FLNG Gimi with an LNG cargo
prior to the availability of gas from the FPSO.
Forward-Looking Statements
This press release contains forward-looking
statements (as defined in Section 21E of the Securities Exchange
Act of 1934, as amended). All statements, other than
statements of historical facts, that address activities and events
that will, should, could or may occur in the future are
forward-looking statements. Words such as “may,” “could,” “should,”
“would,” “expect,” “plan,” “anticipate,” “intend,” “forecast,”
“believe,” “estimate,” “predict,” “propose,” “potential,”
“continue,” or the negative of these terms and similar expressions
are intended to identify such forward-looking statements. These
forward-looking statements involve many risks and uncertainties
that could cause actual results to differ materially from those
expressed or implied by such statements.
You should not place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. Golar LNG Limited undertakes no obligation to update
publicly any forward-looking statements whether as a result of new
information, future events or otherwise, unless required by
applicable law.
Hamilton, Bermuda
August 5, 2024
Investor Questions: +44 207 063
7900
Karl Fredrik Staubo - CEO
Eduardo Maranhão - CFO
Stuart Buchanan - Head of Investor Relations
This information is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act
Gol Linhas Aereas Inteli... (NYSE:GOL)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
Gol Linhas Aereas Inteli... (NYSE:GOL)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024
