Excelerate will lead a consortium of technology providers likely to include Samsung Heavy Industries and Black & Veatch. The EquatoGuinean Ministry of Mines, Industry and Energy, GEPetrol, Ophir, and Excelerate are due to sign a memorandum of understanding on the project soon, ahead of awarding a full front-end engineering and design contract later this year.
Ophir estimates recoverable gas resources from block R at 3.4 tcf (96 bcm). It plans a four-phase development, beginning with the Fortuna field. A further 2.1 tcf (60 bcm)-plus will be phased in later from the Silenus, Tonel, and other offshore discoveries.