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DALLAS - Kosmos Energy (NYSE/LSE:NYSE:KOS) announced Monday that the FLNG (OL:FLNG) Gimi vessel has reached Commercial Operations Date for the Greater Tortue Ahmeyim project offshore Mauritania and Senegal, marking a significant milestone in the development.
The floating liquefied natural gas (FLNG) facility has successfully ramped up production to approximately 2.4 million tonnes per annum, equivalent to about 90% of its 2.7 million tonnes nameplate capacity, according to a company press release.
This achievement follows the project’s first LNG production in February and initial cargo shipment in April. Three LNG cargoes have been exported to date, with a fourth currently being loaded and a fifth expected at the beginning of the third quarter. Kosmos forecasts a total of 3.5 gross cargoes for the second quarter.
The FLNG Gimi is operated by Golar LNG (NASDAQ:GLNG) Limited under a 20-year Lease and Operate Agreement with BP (NYSE:BP) for the Greater Tortue Ahmeyim project.
The Commercial Operations Date signifies that the facility has met contractual performance requirements, enabling full-scale operations to commence. The project represents a significant development in the offshore natural gas sector for both Mauritania and Senegal.
Kosmos Energy holds interests in diversified oil and gas production assets across Ghana, Equatorial Guinea, Mauritania, Senegal, and the Gulf of America.
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