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Equatorial Guinea gas discovery to allow FLNG expansion

LNG Industry,

Equatorial Guinea's Minister of Energy, Gabriel Obiang Mbaga, has announced the discovery of a new gas well off the coast of the Island of Bioko. The new gas well will allow the ministry to expand the country’s FLNG project.

The minister commented: "I am extremely pleased that the increase in recoverable reserves in Block R, as a result of the drilling of the Silenus East-1 well may result in a potential expansion of the Block R FLNG project from a 2.5 million tpa to a 3.0 million tpa project. We are currently in negotiations to conclude the Block R gas terms and confirm the midstream partners, with the development of the first project of Floating […] Liquefied Natural Gas (FLNG) planned for early 2019."

President Obiang Nguema Mbasogo has set out the strengthening of the energy sector in Equatorial Guinea as a national priority. Equatorial Guinea LNG Holdings Limited (EG LNG) began operations in 2007 and has shown excellent results.

The gas well was discovered by Ophir Energy, which estimates that the Silenus East -1 discovery includes recoverable reserve of 405 billion ft3 of gas, with de-risked prospects for similar prospects in the area. Ophir's initial assessment is that the recoverable reservoirs in the broader Silenus area, including this discovery, are approximately 1.2 trillion ft3.

Adapted from press release by Katie Woodward

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