Golar LNG and BP Agree on Updated Payment Schedule, Settle Disputes for Greater Tortue-Ahmeyim Project
Golar LNG and BP Agree on Updated Payment Schedule, Settle Disputes for Greater Tortue-Ahmeyim Project
Golar LNG Ltd. ("Golar"), and bp, as Operator of the Greater Tortue-Ahmeyim LNG Project, have executed agreements to implement a commercial reset for FLNG Gimi. The commercial reset agreement simplifies contractual cash flows and settles previous disputes related to payment mechanisms for pre-commercial operations date ("Pre-COD") contractual cash flows. Golar and bp have agreed an updated schedule of daily payments until the Commercial Operations Date ("COD"). The daily payments have step-up mechanisms based on project milestones up to COD and are secured by long stop dates. Golar will also be entitled to certain lump sum bonus payments subject to achievement of certain project milestones. These Pre-COD cash flows are expected to be deferred on the balance sheet and amortized over the 20-year contract term from COD.
Golar LNG有限公司（“Golar”）和bp，作为大托尔图-艾米YM液化天然气项目的运营商，已签署协议，实施了FLNG Gimi的商业重启。商业重启协议简化了合同现金流程并解决了与前商业运营日期（”Pre-COD“）合同现金流相关的付款机制的争议。Golar和bp已经同意了更新的日付款时间表，直至商业运营日期（“COD”）。日付款金额根据COD之前的项目里程碑递增机制，并由长达停止日期担保。Golar还将有权获得某些总额奖金，具体取决于实现某些项目里程碑。这些Pre-COD现金流预计将被延缓记入资产负债表，并在COD的20年合同期内分期摊销。
The commercial reset settles all ongoing disputes including the current arbitration process and re-aligns the parties towards reaching COD.
本次商业重启解决了所有正在进行的争端，包括当前的仲裁程序，并重新对齐各方以达到COD。
To shorten the time to COD the parties have also agreed to start the commissioning of FLNG Gimi with an LNG cargo prior to the availability of gas from the FPSO.
为了缩短COD的时间，各方还同意在FPSO燃气可用之前以一批液化天然气进行FLNG Gimi的调试。