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AqualisBraemar lands audit job for LNG carrier

Offshore marine and engineering consultancy AqualisBraemar, part of Oslo-listed Aqualis ASA, has been contracted by Hyundai Samho Heavy Industries Co. Ltd to provide an engineering study of a new-build LNG carrier the yard is constructing for Teekay LNG.

The contract value is undisclosed.

AqualisBraemar’s work scope is to provide failure modes and effects analysis (FMEA), hazard dentification (HAZID) and hazard & operability (HAZOP) studies for the boil-off gas handling system and fuel gas system on board the vessel. AqualisBraemar will also provide FMEA-studies of the vessel’s propulsion redundancy and steering system as well as ensure that electrical generation and distribution systems and associated control systems are designed such that a single fault will not result in the loss of ability to maintain cargo tank pressures.

Teekay LNG will utilise the LNG carrier to provide transportation services for BP Shipping’s LNG volumes from the Freeport LNG project located on Quintana Island near Freeport, Texas.

AqualisBraemar’s office in Seoul, South Korea, will manage the engineering study project.

“We established a physical presence on the doorstep of the many South Korean yards to support industry players who are based in South Korea but operate internationally. This latest contract with Hyundai Samho Heavy Industries confirms that this strategy is beneficial for both the local yards and international companies such as Teekay LNG,” says Phil Lenox, director – Asia Pacific, AqualisBraemar.

AqualisBraemar, part of Oslo-listed Aqualis ASA, is a specialised marine and offshore engineering consultancy focusing on the shallow and deep-water segments of the offshore oil and gas industry.

 

ENDS

 

For further information, please contact:

Media
Endre Aaberg Johansen, Corporate Communications AS, tel: +47 41 61 06 05, email: endre.johansen@corpcom.no.

Investors
Kim Boman, CFO, Aqualis ASA, tel: +47 959 63 912, email: kim.boman@aqualis.no

About Aqualis ASA
Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries and associates, offers energy consultancy services to the oil and gas, wind and solar sectors globally. The group employs experienced consultants across 22 offices in 15 countries worldwide. Aqualis ASA operates under three different brands: AqualisBraemar, Offshore Wind Consultants and ADLER Solar. AqualisBraemar is a specialized offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. Offshore Wind Consultants is a globally focused consultancy providing independent services to the offshore renewables industry. ADLER Solar is a full-service provider for the PV industry. It offers technical solutions and services for the entire life cycle of photovoltaic plants. Aqualis owns 49.9 percent of ADLER Solar.