Seatrium has won a contract from Golar Hilli Corporation (Golar), a subsidiary of Golar LNG to upgrade the Hilli Episeyo, a floating liquefied natural gas unit. The contract value is not disclosed.
"FLNG Hilli Episeyo is a testament to the strong track record of the projects we have delivered to Golar over the years and reflects their confidence in Seatrium as a partner in the development, conversion and upgrading of high-quality, sustainable, and robust production units," says Marlin Khiew, Seatrium's executive vice president, energy (Americas).
The vessel will enter the yard in the third quarter of 2026, and the scope of work includes engineering and procurement of long-lead items, repair and life extension and winterisation of the vessel, as well as the installation of a new soft-yoke mooring system.
When completed, FLNG Hilli Episeyo will be redeployed in the Gulf of San Matias in the Rio Negro province offshore Argentina, liquifying gas from the Vaca Muerta Shale formation onshore in Neuquen province for 20 years.
With a nameplate capacity of 2.45 MMt/year, FLNG Hilli Episeyo is set to recommence operations in 2027.
The upgrading of FLNG Hilli Episeyo is part of a broader suite of solutions developed by Seatrium to address the industry’s focus on energy transition, with LNG widely regarded as a transition fuel.
See also: Marco Polo Marine wins $5 million contract for new dry dock
Seatrium shares closed at $2.29, down 1.72% for the day and up 10.36% year to date.
