TheGlobe.com Inc (TGLO)

[tweedking]

Jonathan Chappell -- Evercore ISI -- Analyst

You know I want to ask about the key growth focus. The final bullet point was additional FLNG awards. I understand you can't really say much on Hilli, so I'll ask about the other two that are kind of in the probability tree. Any update on a second potential asset for BP or just any thoughts about the timing of how that may transpire? And then also you introduced in the press release this comment about Delfin term sheet expected, basis of a shareholder's agreement. If you could just explain a little bit of what that means and how that project is developing?

Iain Ross -- Chief Executive Officer

Hey, Jon. So there's no further update on the BP second vessel. BP still retain that right. And we've had no formal communication back on that. In terms of Delfin, we just wanted to update everyone that we have made a bit of progress in revising are our term sheet from the previous agreement that we had. The challenge to that project remains and the focus of that project remains on trying to link an off taker and the supplier to allow that project to proceed because that will be key to the financing of the opportunity. We've made good progress on the technical aspects of the project that are happening in the background, but we are still trying to push in and make some progress on the off-take. So that's the critical path as it has been for the last 12 months to 18 months.

Jonathan Chappell -- Evercore ISI -- Analyst

Okay. So no real change on timing?

Iain Ross -- Chief Executive Officer

No.