Kanfa Aragon, a subsidiary of Sevan Marine, has signed a contract with Samsung Heavy Industries for the development of a liquefied natural gas production topside to a floating liquefied natural gas production vessel.

According to the company, the floating liquefied natural gas (FLNG) topside will be based on Kanfa Aragon’s liquefaction technology. Kanfa Aragon’s scope of work includes the design and engineering of the liquefaction plant as well as procurement of major equipment items.

The contract value is approximately $200 million. The vessel will be owned and operated by FLEXLNG. The vessel will have a gas processing and liquefaction topside with an LNG capacity of approximately 1.7 million metric tons per annum LNG, said the gas company.

Jan Tveteraas, CEO of Sevan Marine, said: “This is an important contract for us, and it is confirming as a good technology provider for floating LNG production. This contract puts us in a better position to take a major share of this market.”

Sevan Marine ASA is specializing in building, owning and operating floating units for offshore applications. The Company has developed a cylinder shaped floater, suitable in all offshore environments. Presently Sevan Marine has four floating production, storage and offloading units (FPSOs) and three drilling units contracted to clients. The Company is also developing other application types for its cylindrical Sevan hull, including floating LNG production and power plants with CO2 capture.