Golar and Schlumberger reaffirms commitment to Framework Agreement

ID: 1431585
recent pressrelease next pressrelease

(Thomson Reuters ONE) -

Golar LNG and Schlumberger want to inform the market that Schlumberger''s
withdrawal from the Fortuna/Ophir development will not in any way influence the
framework agreement which has been signed between Golar and Schlumberger.

The target of this framework agreement is to develop integrated solutions for
stranded gas assets.  Significant efforts have been put into this over the last
months and the results have confirmed to both parties the commercial
attractiveness and the technical viability of the FLNG concept as a solution for
rapid modernisation of stranded gas.  The partnership is currently exploring
several specific opportunities.

Although a commercial agreement between Ophir and Schlumberger was not reached,
Golar will independently continue to work with Ophir with the target to reach an
FID for the Fortuna development this year.

This press release contains certain forward-looking statements concerning future
events and Golar''s operations, performance and financial condition. Forward-
looking statements include, without limitation, any statement that may predict,
forecast, indicate or imply future results, performance or achievements, and may
contain the words "believe", "anticipate", "expect", "estimate", "project",
"will be", "will continue", "will likely result", "plan", "intend" or words or
phrases of similar meanings. These statements involve known and unknown risks
and are based upon a number of assumptions and estimates that are inherently
subject to significant uncertainties and contingencies, many of which are beyond
Golar''s control. Actual results may differ materially from those expressed or
implied by such forward-looking statements.

Hamilton, Bermuda
April 29, 2016

This announcement is distributed by GlobeNewswire on behalf of

GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Golar LNG via GlobeNewswire

More information:
http://www.navamedic.com http://www.realwire.com/releases/Dynamic-Spectrum-Alliance-2016-Global-Summit-Best-Two-Days-of-Information http://www.vaisala.com http://en.sanofi.com http://www.golarlng.com/

Keywords (optional):

Company information / Profile:

PressRelease by


PressContact / Agency:

published by: hugin
print pressrelease  send to a friend  

Date: 04/29/2016 - 08:37
Language: English
News-ID 1431585
Character count: 1089
Firma: Golar LNG
Ansprechpartner: Feedback to businesspress24.com about Pressrelease-id:
Stadt: Hamilton


Number of hits: 238


Direct Link to this PressRelease:

We would appreciate a link in your News-, Press- or Partner-Site.

Comments on this PressRelease

All members: 9 438
Register today: 0
Register yesterday: 0
Members online: 0
Guests online: 94

Don't have an account yet? You can create one. As registered user you have some advantages like theme manager, comments configuration and post comments with your name.


[ more PressReleases ][ RSS-Feed ]