Protect P&A Availability as Vessel Owners Lock Schedules

Upon completion of construction, Altera will own the FPSO and provide long-term operations under the 15-year charter and associated operating agreements

These agreements cover the engineering, procurement, construction, installation and commissioning (EPCIC) of a new FPSO vessel, together with a fixed 15-year bareboat charter that will support long-term production from the Baleine field

This financing provides certainty from the commencement of construction through the full 15-year charter period and represents a significant endorsement of the project’s long-term credit quality

The vessel’s first gig with Equinor began 16 years ago. This vessel is 109 meters long, with a working moonpool, a working deck area of 1,070 square meters, an anchor recovery frame, a main winch capacity of 500 tonnes, a secondary one of 170 tonnes, and a bollard pull of 350 tonnes

AHTS Skandi Vega; Source: DOF DOF has confirmed a contract extension for the AHTS Skandi Vega with Equinor. As a result, the vessel will stay for two more years with the Norwegian giant, keeping the ship occupied until Q3 2029

AHTS Skandi Vega; Source: DOF DOF has confirmed a contract extension for the AHTS Skandi Vega with Equinor

The LNTP covers purchase orders for long-lead equipment, engineering activities for the EPC phase, and geotechnical work required to ready the LNG project for full construction and a final investment decision (FID)

“The LNTP work and purchase orders demonstrate the strength of the project’s world-class partner network and Glenfarne’s continued disciplined advancement of Texas LNG,” highlighted Brendan Duval, Chief Executive Officer and Founder of Glenfarne. “By progressing key equipment, engineering, and site-readiness work during LNTP, we are maintaining project momentum, improving execution certainty, and positioning Texas LNG to move efficiently into full construction

Texas LNG; Source: Glenfarne Glenfarne’s subsidiary, in charge of developing the Texas LNG export terminal at the Port of Brownsville, has provided Kiewit, as the project’s engineering, procurement, and construction (EPC) contractor, with a limited notice to proceed (LNTP). The LNTP covers purchase orders for long-lead equipment, engineering activities for the EPC phase, and geotechnical work required to ready the LNG project for full construction and a final investment decision (FID)

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Shell Agrees $1