- Reuters•2 months ago
British oil and gas explorer Ophir Energy Plc said it had signed an agreement with OneLNGSM, a joint venture between units of Golar LNG Ltd and Schlumberger, to develop the Fortuna project in Equatorial Guinea. Shares in the company rose as much as 13.8 percent, before trading at 77.75 pence at 0956 GMT on the London Stock Exchange on Thursday. Ophir said earlier this month that it could go forward without new partners for the Fortuna floating liquefied natural gas project as the cost estimates had halved to around $450 million.
- Reuters•3 months ago
Ophir Energy can go ahead with its Fortuna floating liquefied natural gas project off Equatorial Guinea with or without new partners because the cost estimates have halved to around $450 million, a senior executive said on Tuesday. The capital is about 50 percent from what we expected a couple of years ago," Oliver Quinn, Ophir's director of new business, told Reuters on the sidelines of the Africa Oil Week conference. Ophir said in September it had short-listed four potential partners for the project, which involves placing a ship with production facilities over an offshore field.
- Reuters - UK Focus•7 months ago
Equatorial Guinea's energy minister on Monday said Schlumberger (LSE: 0CT7.L - news) had walked away from the country's Fortuna floating liquefied natural gas (FLNG) project but he also said he was confident it would be successful. Fortuna, Africa's first deep-water independent floating liquefied natural gas project, is one of a number planned when energy prices were higher. Oil and gas explorer Ophir Energy (Other OTC: OPGYF - news) in April said it had ended talks with Schlumberger over the U.S (Other OTC: UBGXF - news) .
OPGYF: Summary for OPHIR ENERGY PLC ORD GBP0.0025 - Yahoo Finance
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