Source - Alliance News

BP PLC on Thursday celebrated the arrival of a gas vessel offshore west Africa, which it called a ‘major milestone’ for its project there.

The London-based oil major said Gimi, a floating liquefied natural gas vessel, has arrived at its destination on the Mauritania and Senegal maritime border. The vessel is operated by BP, Kosmos Energy Ltd, Dakar, Senegal-based petroleum firm Petrosen and Mauritian oil company SMH.

The vessel is a ‘core component’ of the Greater Tortue Ahmeyim project, which is expected to product 2.3 million tonnes of LNG per year in phase 1.

‘The successful and safe arrival of the FLNG vessel is another step forward for GTA Phase 1 and is testament to our team and partners commitment to safely delivering this project. The people behind the project have delivered through many challenges, including the pandemic, to orchestrate a major feat of engineering. We are fully focused on safely completing the project and beginning a new energy chapter in Mauritania and Senegal,’ said Emil Ismayilov, BP’s senior vice president for Mauritania and Senegal.‘

The project is expected to produce LNG for more than 20 years, BP said.

‘The gas transported by pipeline to the FLNG vessel at the GTA hub where it will be cryogenically cooled in the vessel’s four liquefaction trains and stored before transfer to LNG carriers. Gimi can store up to 125,000 cubic metres LNG.’

BP shares were down 2.1% to 466.39 pence each on Thursday morning in London, while Kosmos Energy was untraded at 445.00p each.

Copyright 2024 Alliance News Ltd. All Rights Reserved.

Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJ Bell logo

Related Charts

Kosmos Energy LTD (KOS)

+1.00p (+0.21%)
delayed 17:29PM