Sembcorp Marine bags FLNG facilities conversion project

The conversion of the first facility will be delivered in the first half of 2024.

Sembcorp Marine secured Master Service Agreements from New Fortress Energy (NFE) to develop and convert two Sevan cylindrical drilling vessels to Floating liquified natural gas (FLNG) liquefaction facilities.

In a statement, Sembcorp Marin said the hull conversion and fabrication of topsides for the first facilities are set to be delivered in the first half of 2024 whilst, the second will come at a later date.

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This is the first set of two Sevan cylindrical hulls to be converted into FLNG liquefaction facilities, it said.

The contract will not have a material impact on the company’s net tangible assets or earnings per share for the current fiscal year.