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2016-01-22

Golar LNG: Golar LNG and Schlumberger sign Memorandum of Understanding

Golar LNG today announced that it has signed a Memorandum of Understanding
with Schlumberger to co-operate on the global development of greenfield,
brownfield and stranded gas reserves.

Under the Memorandum, Golar and Schlumberger have agreed to jointly market gas
monetization solutions to owners, investors and governments. Golar will
contribute the Floating LNG assets and technology while Schlumberger, via its
special project management division, will provide upstream development
knowledge, resources and capital. The intention of this integrated offer is
to gain access to a wide range of uneconomic gas reserves by delivering
low-cost LNG production solutions.

This is a ground breaking agreement that will provide resource holders with a
completely integrated package both reducing risk and securing financing for
gas projects. The main aim of the venture is to accelerated the time it takes
to bring proven gas reserves into production.

Both parties have initiated their activities and have already made solid
progress expecting to announce the first project within the next two months.

FORWARD LOOKING STATEMENTS

This press release contains certain forward-looking statements concerning
future events and Golar's operations, performance and financial condition.
Forward-looking statements include, without limitation, any statement that
may predict, forecast, indicate or imply future results, performance or
achievements, and may contain the words "believe", "anticipate", "expect",
"estimate", "project", "will be", "will continue", "will likely result",
"plan", "intend" or words or phrases of similar meanings. These statements
involve known and unknown risks and are based upon a number of assumptions
and estimates that are inherently subject to significant uncertainties and
contingencies, many of which are beyond Golar's control. Actual results may
differ materially from those expressed or implied by such forward-looking
statements.

Golar LNG Limited
Hamilton, Bermuda
22 January, 2016

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Golar LNG via Globenewswire

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