Fortuna FLNG decision deferred to early 2018

Ophir Energy and its partners in the Fortuna FLNG project offshore Equatorial Guinea have decided to prioritize an alternative funding solution.

Offshore staff

LONDON – Ophir Energy and its partners in the Fortuna FLNG project offshore Equatorial Guinea have decided to prioritize an alternative funding solution.

This would involve an unnamed Asian bank provide funding of up to $1.2 billion, on similar commercial terms to those agreed to earlier this year with a group of three Chinese banks.

Discussions are at an advanced stage, but financing will not be closed out this month as Ophir had planned, so talks will continue into the New Year.

Once a deal has been struck, the project will proceed to a final investment decision.

At the same time, Ophir stresses it is collaborating with OneLNG to ensure a prompt start to theFortuna project.

12/19/2017

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