Petroleum Africa
Find us on: 
Friday, July 10, 2015
Ophir Energy chose two consortia for the Upstream FEED contracts for its Fortuna FLNG project tender. The project is located offshore Equatorial Guinea on Block R where Ophir is the operator.
The contracts went to two contractor consortia, (i) McDermott Marine Construction and GE Oil & Gas UK and (ii) Subsea 7 and Aker Solutions. The FEED will be a competitive process with the scope of work including subsea development design that will enable the two competing FEED consortia to submit their tenders at the end of FEED, from which one will be selected for FID.
Key focus areas for the FEED process will be defining the number of wells required at first gas, the cost of the development and the delivery time of the long lead subsea items, such as subsea trees, that are on the critical path to first gas. The FEED process will be completed at the end of 1Q 2016, which will allow a Final Investment Decision to be made in mid-2016 with first gas expected in mid-2019.
Ophir’s midstream partner, Golar LNG will build, own and operate the FLNG vessel in return for a tariff. Golar will conduct a separate FEED study for the midstream element of the project, which will commence shortly.
With an incremental 1 Tcf of 2C resources discovered and immediately available to be developed, and a further 900 Bcf of low risked prospective resource, Ophir is considering contracting a second FLNG vessel to develop these unallocated resources. A second vessel would both monetize currently unallocated resources and accelerate cash flows from Block R, thereby adding material value to the Block R FLNG program.
An investment decision for the second vessel is currently expected to be made once the Fortuna field has commenced production, with a view to it being operational by the middle of the next decade.
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
