The FLNGV conversion contract is a key step towards full implementation of Golar's floating LNG production strategy. The Company is excited to be working with such high caliber project partners as Keppel and Black & Veatch. Keppel's world-leading position in conversion of floating infrastructure coupled with Black & Veatch's deep LNG experience creates a strong project team with a solid record of delivering complicated projects on budget and on time. The conversion is scheduled to be completed in February 2017. Golar has also secured firm options for conversion of two additional vessels which can be delivered from the yard in the third quarter of 2017 and the first quarter of 2018. The conversion vessel Hilli will be delivered to Keppel shipyard in Singapore within 3 to 4 months to initiate renewal of key systems onboard the vessel while the topsides are manufactured. The FLNG production equipment will be mounted on two new sponsons which will be connected to the vessel.