Ophir Looking at Range of Equity Investors for Fortuna Project

Source: www.gulfoilandgas.com 6/6/2016, Location: Africa

Oil and gas explorer Ophir Energy Plc said it was talking to a range of equity investors, as well as gas buyers to help finance its Fortuna FLNG project in Equatorial Guinea, after Schlumberger walked away.

"We've done all the work in a very difficult environment to deliver a very investable project, (including) bringing down the capital costs of first gas by half to what they were 12 months ago, to $450 million, which is huge," said Bill Higgs, Ophir's chief operating officer.


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