Schlumberger quits EG’s Fortuna

Equatorial Guinea

LONDON, June 1, 2018 – Schlumberger has abandoned the OneLNG JV with Golar and the Fortuna FLNG project offshore Equatorial Guinea, partner Ophir Energy announced on Thursday.

While many analysts saw this as a significant setback for the ambitious project, Ophir and Golar are looking for alternative sources of funding, the press release added.

“Furthermore, as part of Ophir’s contingency planning for the project, Ophir has already held informal discussions with other, well-capitalised, potential partners for our Fortuna project,” the company said. “Following the announcement re. OneLNG we have now formalised discussions and are actively moving forward with them.”

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