Ophir Energy has been given a 12-month extension on its Block R license, home to the Fortuna FLNG, offshore Equatorial Guinea, giving it more time to secure project funding ahead of making a final investment decision. Fortuna looks set to be Africa’s first deepwater FLNG project…
Equatorial Guinea's Ministry of Mines and Hydrocarbons, Ophir Energy and national oil firm GEPetrol have signed a new production sharing contract (PSC) for Block EG-24 offshore Rio Muni. Block EG-24 (formerly Block EG-20 and Block M)…
Ophir Energy has awarded an upstream construction for its Fortuna floating LNG project - west Africa's first deepwater FLNG project - to Schlumberger company OneSubsea and Subsea 7's Subsea Integration Alliance. The contract is an engineering…
Ophir Energy is holding out hope that the Fortuna FLNG project offshore Equatorial Guinea will reach final investment decision (FID) by the end of the year, however, the company still has a few hurdles to pass. Fortuna FLNG…
Ophir Energy is expecting to have the Fortuna FLNG project final investment decision (FID) off Equatorial Guinea settled in the coming months, as the company moves to decrease costs by cutting 15% of its global workforce. Thailand operations…
ExxonMobil has signed a production sharing contract (PSC) with the government of Equatorial Guinea for a deepwater block located 36mi west of the country's capital city, Malabo. Exxon will operate deepwater Block EG-11 with 80% working interest…
Ophir Energy has reached a final investment decision (FID) for the fourth phase of its Bualuang oil field in the Gulf of Thailand, with first oil set for next year. Operations in the Gulf of Thailand…
Ophir Energy's Ayamé-1X exploration well offshore the Ivory Coast found oil, but not in significant quantities. The well, in block CI-513, reached a total depth of 5394m true vertical depth sub sea. The well was targeting a number…
Construction contracts have been awarded for Ophir Energy's Fortuna LNG project offshore Equatorial Guinea. Fortuna will be Africa’s first deepwater FLNG project and is targeted for first gas in mid-2020 at a cost of US$2 billion. The project…
Ophir Energy has started drilling operations on the Ayamé-1X deepwater exploration well, offshore Ivory Coast, according to African Petroleum. Ophir is using Seadrill's West Saturn drillship for the well, on the CI-513 license. The well…
Ophir Energy's Fortuna LNG development is a step closer to reality after signing an umbrella agreement, which sets out the legal and fiscal framework for the project. Ophir, the Republic of Equatorial Guinea, OneLNGSA and La Compañía…
Ophir Energy has lined up projects for the year, and is ready to spud a well offshore Cote d’Ivoire, in addition to reaching a final investment decision (FID) for the Fortuna FLNG Project, offshore Equatorial Guinea. Image from Ophir…
UK-listed independent Ophir Energy says preparations for drilling to restart on the deepwater Ayame-1 oil exploration well offshore Ivory Coast, Africa, are at an advanced stage. The well is expected to spud in late May and is targeting about 240 MMbbl Pmean recoverable resources…
Ophir Energy, Golar LNG and oilfield services giant Schlumberger have agreed to form a joint operating company to develop the Fortuna field, offshore Equatorial Guinea, Africa. The project will use Golar's floating LNG technology and…
Shell and its joint venture partners, Pavilion Energy and Ophir Energy, have started its Tanzanian drilling program. The program, covering two wells in Block 1 and 4, in the Mafia Deep basin off Tanzania, will target >1 Tcf of gas, according to Ophir…
