LNG

Ophir delays FID on Fortuna FLNG

Ophir Energy has delayed taking FID on the Fortuna FLNG project in Equatorial Guinea until 2018.
By Staff reporter 23 November 2017 0 28525

Ophir Energy has delayed taking FID on the Fortuna FLNG project in Equatorial Guinea until 2018, the company said in a statement.

Ophir had intended to reach FID by the end of 2017. It has now agreed a 12-month extension to the Block R licence, where the project is situated, to the end of December 2018.

The company and its project partners have been discussing financing with a group of Chinese banks. However, the process has taken “longer than expected” and Ophir has therefore started looking...