Golar LNG and Schlumberger sign Memorandum of Understanding
January 22 2016 - 09:30AM
Golar LNG today announced that it
has signed a Memorandum of Understanding with Schlumberger to
co-operate on the global development of greenfield, brownfield and
stranded gas reserves.
Under the Memorandum, Golar and
Schlumberger have agreed to jointly market gas monetization
solutions to owners, investors and governments. Golar will
contribute the Floating LNG assets and technology while
Schlumberger, via its special project management division, will
provide upstream development knowledge, resources and
capital. The intention of this integrated offer is to gain
access to a wide range of uneconomic gas reserves by delivering
low-cost LNG production solutions.
This is a ground breaking
agreement that will provide resource holders with a completely
integrated package both reducing risk and securing financing for
gas projects. The main aim of the venture is to accelerated the
time it takes to bring proven gas reserves into production.
Both parties have initiated their
activities and have already made solid progress expecting to
announce the first project within the next two months.
FORWARD LOOKING
STATEMENTS
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.
Golar LNG Limited
Hamilton, Bermuda
22 January, 2016
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Golar LNG via Globenewswire
HUG#1980737
Gol Linhas Aereas Inteli... (NYSE:GOL)
Historical Stock Chart
From Feb 2024 to Mar 2024
Gol Linhas Aereas Inteli... (NYSE:GOL)
Historical Stock Chart
From Mar 2023 to Mar 2024