MEDIA

21 NOVEMBER 2017

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Summit LNG Terminal

signs USD 100 Million worth
turnkey contract with
Geocean SAS and
MacGregor

Photo caption: (Left to right) Chairman of Summit Group

Muhammed Aziz Khan, Managing Director of Summit LNG Terminal
ANM Tariqur Rashid, Managing Director of Geocean Fabrice Novel
and Business Development Manager of Geocean Philippe Besson.
Media Release (Dhaka) – November 21, 2017: Recently Summit LNG
Terminal, a subsidiary of Summit Power International, signed a USD
100 Million turnkey contract with marine work contractor
consortium comprising of Geocean SAS and MacGregor for design,
engineering, procurement, fabrication, installation and testing of
the Fixed Infrastructure (FI) for its Floating LNG Storage and
Regasification Terminal (FSRT) at Moheskhali, Cox’s Bazar. The
project completion date is 16 months from the time of signing.

The Fixed Infrastructure will consist, among others, of

Disconnectable Turret Mooring (DTM) plug for FSRU vessel system
with anchors (suction piles), flexible riser with floatation and tether
system, control and hydraulic umbilical, PLEM, Stern Mooring System
(SMS) of FSRU vessel offshore pipelines and landfall works.

In August 2017, Summit LNG Terminal had signed Time Charter Party
(TCP) agreement with Excelerate Energy for securing FSRU vessel.

About Summit Power International: Summit Power International is

a leading infrastructure developer and operator in South Asia. It
comprises a group of businesses which develop, own and operate
power generating assets and Floating Storage Regasification Unit
(FSRU). Incorporated in Singapore, Summit Power International is a
leading developer, owner and operator of energy assets in
emerging Asia.

Having established Bangladesh’s first independent power plant in

1998, Summit Power International is the largest Independent Power
Producer in the country, representing approximately 21% of the
private power market with consolidated generating capacity of
1,160 megawatts. http://www.summitpowerinternational.com
(http://www.summitpowerinternational.com)
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About Geocean: Geocean, subsidiary of Entrepose Group, performs
turnkey offshore projects under EPCI-type contracts in the oil and
gas, mining, chemical industries as well as on the public works
market. It builds coastal structural works for power stations,
desalination plants, water treatment plants and offshore fields.
Geocean has the ability to work also on landfalls in shallow-water
zones, where it uses its line of specialized equipment developed in-
house.www.geocean.com (http://www.geocean.com)

About MacGregor: MacGregor shapes the offshore and marine

industries by offering world-leading engineering solutions and
services with a strong portfolio of MacGregor, Hatlapa, Porsgrunn,
Pusnes and Triplex brands. Shipbuilders, owners and operators are
able to optimise the lifetime profitability, safety, reliability and
environmental sustainability of their operations by working in close
cooperation with MacGregor.

MacGregor solutions and services for handling marine cargoes,

vessel operations, offshore loads, crude/LNG transfer and offshore
mooring are all designed to perform with the sea.
www.macgregor.com (http://www.macgregor.com)

 DOWNLOAD BENGALI VERSION

(https://summitpowerinternational.com/sites/default/files/files
/MRelease_Summit LNG_Bangla_21 11 2017.pdf)

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