Ophir focused on Fortuna FID in 2017

By Staff reporter 14 September 2017

Ophir Energy is targeting an FID on the Fortuna FLNG project in Equatorial Guinea before the end of the year, Chief Executive Nick Cooper said during the company’s H1 results presentation on Thursday.

Fortuna was originally scheduled to make the FID in H1 2017, but this has since been pushed back to H2.

Fortuna still needs to finalise the project financing, after which it will seek shareholder approval and a formal decree from the president of Equatorial Guinea, Ophir said.

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