Magnora ASA

SEVAN MARINE ASA: HiLoad LNG Offloading Solution Presented at OTC

HiLoad LNG AS, a subsidiary of Sevan Marine ASA, and

Technip presented together this year the HiLoad LNG

Parallel Loading System (PLS) at OTC. This system

utilizes the HiLoad LNG unit for station keeping and

Technip's cryogenic flexible aerial pipes to transfer

LNG from a FLNG unit (either a Sevan Marine

Cylindrical unit or ship shaped FLNG) to a fully

conventional LNGC with no modifications necessary.

The combination of the HiLoad LNG unit and Technip's

proven cryogenic pipes was simulated last year at

MARIN's facilities in Holland. The successful outcome

of this simulation demonstrated the ability of the

system to maintain vessel separation of 100m or more

in rough environmental conditions and with a minimum

length of the LNG transfer lines. This has been the

successful outcome of over 2 years of non-exclusive

development cooperation between Technip and HiLoad LNG

including studies paid for by Technip in 2014 and

The HiLoad LNG Parallel Loading System can also be

used with other transfer solutions such as a floating

cryogenic hose.

Sevan Marine and HiLoad LNG AS believe that this

innovate offloading solution will be a game changer

for the future of FLNG offloading in years to come.

* * * * * * * *

The information in this announcement is subject to the

disclosure requirements of the Norwegian Securities

Trading Act section 5-12 and/or the Oslo Børs -

Continuing Obligations.

Sevan Marine ASA is specializing in design,

engineering and project execution of floating units

for offshore applications, based on its patented

cylindrical floater technology. Sevan Marine ASA is

listed on Oslo Børs with ticker SEVAN. For more

information, please refer to www.sevanmarine.com.

For more information please contact:

Carl Lieungh, CEO, Sevan Marine ASA (Media)

+47 37 40 40 00 office

Reese McNeel, CFO, Sevan Marine ASA (Analysts)

+47 37 40 40 00 office

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