PROJECT SCHEDULE

VOTRANS Ship-Based Projects
Once a project has been identified, the system components of the vessel and other support facilities are optimized and developed during FEED (Front-End Engineering Design). FEED is planned to complete project-specific engineering and definition of long-lead items. Procurement, major construction and fabrication work can then start immediately after project sanction.

The summary schedule shown below includes input from clients, shipbuilders, fabricators and pipe mills, and illustrates a typical VOTRANS ship-based project.

The schedule assumes that commercial negotiations would be conducted in parallel to the FEED activities to finalize the transportation agreement and the gas sale and purchase agreement, as well as the work to secure all governmental and regulatory approvals needed for project sanction.

Detailed planning has resulted in an efficient project schedule with an estimated total vessel construction period from contract award to ship delivery of 28-30 months - a comparable construction time to LNG ships.

VOTRANS Barge-Based Projects
EnerSea's barge-based projects will only require approximately 20-24 months for construction and deployment from the date of project sanction. This is due to several reasons, the main one being that the barges are simpler and much smaller vessels to construct. Also, the barges can also be built in many yards around the world, providing additional access and flexibility for their construction. Tugs for the transport service can either be purpose-built for the project or modified from existing tugs.

A typical VOTRANS barge-based project is shown below :