Equatorial Guinea: Fortuna agreement signed

The government of Equatorial Guinea, Ophir Energy, OneLNG and state company GEPetrol have signed a detailed umbrella agreement establishing the legal and fiscal framework for the Fortuna floating liquefied natural gas (FLNG) project.The agreement reconfirms GEPetrol’s right to 20% of the upstream portion of the project, and allows for a future participation of up to 30% ownership of the midstream FLNG vessel by the state. “These participations create alignment with the EG government throughout the project value chain from upstream through to LNG marketing,” Ophir said.