Keppel Corporation Limited wishes to announce that Keppel Shipyard Ltd (“Keppel Shipyard”), a wholly-owned subsidiary of Keppel Offshore & Marine, has received a limited notice to proceed (“LNTP”) from Golar Gimi Corporation (“Golar Gimi”), a subsidiary of Golar LNG Limited (“Golar LNG”), to commence early conversion works for the Gimi FLNG over a period of up to four months, worth up to S$50 million.

The Gimi FLNG is slated to support Phase 1 of the Greater Tortue / Ahmeyim project located offshore West Africa.

Full construction activities, further to the early conversion works under the LNTP, will commence when Keppel Shipyard receives the final notice to proceed.

A further announcement will be made when final notice to proceed has been received.

About Keppel Shipyard

Keppel Shipyard is a subsidiary of Keppel Offshore & Marine, a wholly-owned company of Keppel Corporation Limited. It is the trusted industry name for the repair, conversion and upgrading of a diverse range of vessels, and a global leader in the conversion of Floating Production Storage and Offloading (FPSO), Floating Storage and Offloading (FSO) and Floating Storage and Re-gasification Units (FSRU), as well as the fabrication and installation of turrets and mooring systems, and topside process modules. Keppel Shipyard will soon also deliver the world's first-of-its-type Floating Liquefaction Facility conversion.

Keppel Offshore & Marine is the global leader in offshore rig design, construction and repair, ship repair and conversion, and specialised shipbuilding.

About Golar LNG Ltd.

Golar LNG Limited (NASDAQ: GLNG) is one of the world's largest independent owners and operators of LNG carriers with over 40 years of LNG industry experience. Golar LNG together with Golar Partners own and manage a fleet of 26 LNG Carriers and FSRUs. Golar's innovation delivered the world's first Floating Storage and Regasification Units (FSRU) based on the conversion of existing LNG carriers. Golar's latest strategic move is to extend its business model further upstream by deploying its floating liquefaction technology (GoFLNG). The objective is to become the industry's leading integrated midstream LNG services provider, supporting resource owners, gas producers and gas consumers.