Wison Offshore & Marine completed the final delivery of the barge-based floating natural gas liquefaction and storage facility, Caribbean FLNG to Exmar.
Prior to the delivery, the contracts for project financing provided by Bank of China, Deutsche Bank and supported by China Export & Credit Insurance Corporation have been officially signed, Wison said in a statement on Thursday.
The company undertook the Caribbean FLNG project under an engineering, procurement, construction, installation and commissioning contract with Exmar.
With a liquefaction capacity of 500,000 tons per year, the FLNG completed its performance test at the Wison yard in Nantong, China in September last year, which, according to the company was the first time that LNG has been produced onboard a floating facility as well as the first time that a floating liquefaction unit has completed gas-trial and performance test before sail-out.
Earlier this year, Exmar said it is still looking to secure an employment for the FLNG that has a storage capacity of 16,100 cubic meters.
To remind, Caribbean FLNG was scheduled for delivery to Pacific Exploration and Production in 2015, however, in March last year, the agreement was terminated.