Reference is made to the paid FLNG feasibility study announced in Q3 2015 for the use of Sevan Marine’s cylindrical hull for a specific FLNG development. Sevan Marine is pleased to announce that it has agreed a continuation of this work. Sevan Marine has been awarded a follow up study focused on the marine aspects of Sevan Marine’s unique cylindrical design. The study is expected to generate approximately 9,000 hours of paid engineering work through 2016. This positive endorsement of Sevan Marine’s technology represents yet a further milestone in the development of Sevan Marine’s FLNG concept.
Sevan Marine ASA is specializing in design, engineering and project execution of floating units for offshore applications, based on its patented cylindrical floater technology. Sevan Marine ASA is listed on Oslo Børs with ticker SEVAN.