50DN Wells Fargo 24

 

TIDM50DN 
 
RNS Number : 2256K 
Samsung Heavy Industries Co., Ltd 
15 April 2010 
 

 Revision) Entering into Single Sales or Supply Contract 
 
1.   Object of Contract:   1 FLNG facility(LNG FPSO) 
2.  Details of Contract : 
-  Contract  Amount(KRW):   1,323.7 billion KRW 
-  Sales in the Latest Fiscal Year(KRW) :  13,094.9 billion KRW 
-  Ratio to Sales(%): 10.1% 
3.  The Other Party to the Contract: Shell Gas & Power Developments B.V 
    -  Relationship to Company: Counter party 
4.  Sales or Supply Territory/Market:  Europe 
5.  Contract Period From: 2010-4-1 
To : 2016-4-30 
6.  Conditions of Contract: Contract is conditional upon NTP(Notice To Proceed) 
being Issued by Shell, depending on the results of the FEED study(early 2011) 
7.  Contract Date: 2010-3-8 
8.  Contents of Non-Discloure: Not applicable 
9.  Other references concerning investment decisions 
- The Effective Date of the EPC contract is 1st April, 2010 
- The above contract amount is based on the exchange rate of KRW/USD 1,126.4, 
the market base rate of contract date 
- The contract amount is only for Hull Side. Regarding to Topside portion, It is 
scheduled to be determined by early 2011 on the basis of parameters included in 
the contract, and the results of the FEED study. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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