16 Sep Ophir Fortuna, Equatorial Guinea, Africa’s first deepwater independent FLNG project
Ophir’s Fortuna project entered FEED in July 2015 and FID is expected once the financing solution has finalised. The field is expected to produce 2.2mmtpa and Ophir currently has an 80% working interest in the Upstream PSC.
Fortuna-2 DST flowed gas to surface at a constrained rate of 60 MMscfd, exceeding expectations. The implied unconstrained rate was 180 MMscfd which will reduce the number of development wells required.
Fortuna sits within the Block R licence, offshore Equatorial Guinea which is located in the south-eastern part of the Niger Delta complex. Ophir holds an 80% operated interest in Block R. There have been six commercial discoveries to date in Block R, five of which were made by Ophir. There is a total of 3.0 Tcf of independently certified 2C contingent resource and another 0.7 Tcf of low risk prospective resource in Block R making a total of 3.7 Tcf (at November 2015) for the project planning case.
Production is expected to be around 330 MMscfd with a plateau of 30 years.