Ophir Energy, the developer of the Fortuna gas liquefaction project in Equatorial Guinea, expects to make a final investment decision (FID) on the project in the first quarter of 2018, as it is still in financing discussions with a group of Chinese banks. Besides, Ophir Energy has agreed a twelve-month extension for the Block R licence, in which the Project is located, to the end of December 2018.
The Fortuna gas liquefaction project in Equatorial Guinea is developed Ophir Energy (33.8%) and OneLNGSM, a joint venture between subsidiaries of Golar LNG and Schlumberger. It would consist of a floating LNG (FLNG) plant with a capacity of 2.2 Mt/year. With the offtake agreement secured, the last milestone prior to final investment decision (FID) is the completion of project funding (investment estimated at US$2bn). The Fortuna LNG project entered FEED in July 2015 with the first production forecast for 2020.
Ophir Energy holds a 80% operating interest in the Block R, situated west of Bioko Island (Equatorial Guinea).
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