Equatorial Guinea: Ophir cuts FLNG costs, signs with buyers


Issue 314 - 17 Dec 2015 | 2 minute read

Ophir Energy has signed heads of agreements (HoAs) for liquefied natural gas (LNG) offtake from the Fortuna floating LNG project with six counterparties, all of whom are established LNG buyers in European and Asian markets.The company said it had revised down its estimate of the gross capital expenditure required to first gas from $800m to $600m, based on recent input from the upstream front-end engineering design (FEED) work.

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