Petroleum Africa
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Wednesday, June 8, 2016
Ophir Energy is on the hunt for a new equity partner for its Fortuna FLNG project offshore Equatorial Guinea after oil service firm Schlumberger backed out of the project. The company said it is in discussions with a range of equity investors, as well as gas buyers to help finance the project.
“We’ve done all the work in a very difficult environment to deliver a very investable project, (including) bringing down the capital costs of first gas by half to what they were 12 months ago, to $450 million, which is huge,” said Bill Higgs, Ophir’s COO, in a Reuters report.
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