Ophir Energy signed a heads of terms agreement with oil services giant Schlumberger on its Fortuna floating LNG project, the UK oil and gas exploration company announced today.

Ophir marks next Fortuna LNG milestone

MALABO, May 10, 2017 – Ophir Energy announced the award of the midstream contracts for the Fortuna floating LNG offshore Equatorial Guinea on Wednesday.

Keppel Shipyard won the primary contract to convert the 126,000-square-metre Gandria vessel. Black & Veatch’s Prico technology will be used, and the EPC company will also do detailed engineering and process design, procure topside equipment and assist with commissioning.

“The award of the midstream construction completes another milestone as we approach FID. We remain firmly on schedule for the FID of Africa’s first deepwater FLNG Project in mid-2017,“ Ophir CEO Nick Cooper said in a company press release.


Earlier in the month, the parties involved in the Fortuna floating LNG project signed the so-called umbrella agreement that puts in place the legal and fiscal framework for the venture.

Stakeholders Ophir Energy, One LNG and GEPetrol also communicated that the construction contract awards process was “on schedule.”

Talks with Chinese lenders on the project finance facility have progressed to the final documentation stage, the press release also said.

Media reported earlier this week that the discussions are for USD 1.2 billion.

Ophir has opted for a floating LNG project due to the low level of processing needed on the gas in Block R, the sea conditions offshore Equatorial Guinea and the reservoir characteristics.

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