Petroleum Africa
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Tuesday, July 7, 2015
Ophir Energy continues to advance and significantly de-risk its Fortuna FLNG project in Equatorial Guinea. The Fortuna FLNG project will process gas reserves from Block R offshore the West African country.
The company said that the selection of Golar FLNG as the midstream partner lowers the capital intensity of the project, with upstream capex to first gas expected to be around $800 million. It also accelerates the lead time to first gas. The company and Golar signed a binding heads of terms for a midstream chartering and operating services agreement in May.
Both upstream and mid-stream FEED studies are commencing this quarter with a Final Investment Decision expected in mid-2016 and delivery of first gas in mid-2019.
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