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Award of Upstream Construction Contracts for the Fortuna FLNG Project

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LNG Industry,

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 ft3 per day of gas through infrastructure comprising four wells (three into the Fortuna field and one into the underlying Viscata field) located at an average water depth of 1790 m.

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).

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