Ophir Energy Awards EPCIC Contract for Fortuna FLNG Project

Ophir Equatorial Guinea (Block R) Ltd, a 100% owned subsidiary of Ophir, has awarded the upstream construction contract for the Fortuna FLNG Project to Subsea Integration Alliance, which is a partnership between OneSubsea, a Schlumberger company, and Subsea 7. The contract is structured as an engineering, procurement, construction, installation and commissioning (EPCIC) contract for the subsea umbilicals, risers and flowlines and for the subsea production systems scope of work.

The scope of the EPCIC is to deliver 440 million standard cubic feet per day of gas through infrastructure comprising four wells (3 into the Fortuna field and 1 into the underlying Viscata field) located at an average water depth of 1,790 metres. The EPCIC schedule is consistent with the planned delivery of first gas in 2020 and work will commence at Final Investment Decision (FID).

As part of the Shareholders’ Agreement announced in November 2016, at FID Ophir Equatorial Guinea (Block R) Ltd will become a wholly-owned subsidiary of the Fortuna JV (comprising Ophir and OneLNG).

Nick Cooper, Chief Executive of Ophir, commented: “With the full suite of upstream and midstream construction contracts now awarded this completes another milestone to FID. The government is a key stakeholder in the Fortuna project and I am pleased that the local content requirements in these contracts will help to further develop the state of Equatorial Guinea. Fortuna, West Africa’s first deepwater FLNG Project, is expected to FID before the end of 2017.”

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