Search results for: Fortuna

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A list of search results

  • 21 August 2012

    Ophir Energy announced that the Fortuna East-1 (R5) step out exploration well in Block R, Equatorial Guinea, has encountered gas in the eastern lobe of the Fortuna Complex. In addition, the well discovered gas in the deeper Viscata exploration target. Highlights: Fortuna East -1 (R5) is the fourth gas discovery by Ophir in Block R, […]

  • 21 August 2012
    Business & Finance

    Ophir Energy plc announces that the Fortuna East-1 (R5) step out exploration well in Block R, Equatorial Guinea, has successfully encountered gas in the eastern lobe of the Fortuna Complex. In addition, the well discovered gas in the deeper Viscata exploration target. The Fortuna East-1 (R5) well is 7 km ESE of the Ophir Fortuna-1 […]

  • 18 September 2012

    Ophir Energy announced the successful completion of its 2012 three-well drilling program in Block R, Equatorial Guinea. All three wells exceeded pre-drill recoverable resource estimates. The Fortuna West-1 (R6) exploration well in Block R, Equatorial Guinea has added an additional 1.0 TCF (169 MMBOE) of recoverable resources. The well encountered gas in the primary target […]

  • 17 September 2012
    Business & Finance, Project & Tenders

    Ophir Energy plc (“Ophir” or “the Company”) announces the successful completion of its 2012 three-well drilling program in Block R, Equatorial Guinea. All three wells exceeded pre-drill recoverable resource estimates. The Fortuna West-1 (R6) exploration well in Block R, Equatorial Guinea has added an additional 1.0 TCF (169 MMBOE) of recoverable resources. The well encountered […]

  • 25 July 2012
    Business & Finance, Project & Tenders

    Ophir Energy plc announces that the Tonel-1 (R-4) well in Block R, Equatorial Guinea, is a 800BCF (133mmboe) gas discovery. Tonel is the first in the three well Ophir operated in 2012 Block R drilling campaign in Equatorial Guinea using the “Eirik Raude” semi-submersible rig. The well spudded on 07 July 2012 in a water […]

  • 25 July 2012

    Ophir Energy announced that the Tonel-1 (R-4) well in Block R, Equatorial Guinea, is a 800BCF (133mmboe) gas discovery. Tonel is the first in the three well Ophir operated 2012 Block R drilling campaign in Equatorial Guinea using the “Eirik Raude” semi-submersible rig. The well spudded on 07 July in a water depth of 1,599m […]

  • 21 August 2017
    Infrastructure

    Ophir Energy has informed that Gunvor Group has been nominated as the preferred buyer of LNG for offtake from the Fortuna FLNG project, offshore Equatorial Guinea. According to Ophir, principal commercial terms subject to finalizing a Sale and Purchase Agreement (“SPA”) for the offtake ahead of the Final Investment Decision (“FID”) on the Fortuna FLNG […]

  • 14 September 2017
    Infrastructure, Project & Tenders

    Ophir Energy, a London-listed oil and gas company, expects to make the final investment decision (FID) on its Fortuna FLNG project in Equatorial Guinea in the fourth quarter of 2017. Ophir said on Thursday in its half-year report that ‘significant’ steps were made in the first half of 2017 towards the FID of the Fortuna […]

  • 29 April 2016

    LNG giant Golar LNG and oilfield services behemoth Schlumberger have reassured the market that today’s break-up in talks between Schlumberger and Ophir Energy over Fortuna FLNG deal, will not affect the framework agreement which has been signed between Golar and Schlumberger. To remind, oil and gas exploration firm Ophir Energy has terminated discussions with Schlumberger regarding […]

  • 13 September 2018

    London-based Ophir Energy said on Thursday it has written down the value of its Fortuna FLNG project in Equatorial Guinea by $310 million. The company also said in its half-year report it aims to cut jobs in London and plans to move its headquarters to Asia to lower costs. The Fortuna development suffered a setback in […]

  • 15 September 2016

    London-based Ophir Energy on Thursday said its Fortuna FLNG project in Equatorial Guinea is moving forward and the project is “technically ready” for a final investment decision. “The upstream portion of the value chain is technically ready to FID and the downstream, offtake portion is ready for a final Group decision between the competing offtake offers,” […]

  • 5 February 2014

    GSP Offshore, a Romania-based drilling contractor, has informed that its third offshore drilling rig has entered service for PEMEX in the Gulf of Mexico The GSP Fortuna jack-up rig yesterday initiated drilling operations under an 894 days contract with Mexico’s state-run oil company PEMEX.  GSP Fortuna is a three legs cantilever type self elevating unit of […]

  • 4 September 2015
    Project & Tenders

    Crondall Energy informed it has been awarded a contract with a consortium of Aker Solutions and Subsea 7 for the Ophir Energy Fortuna project in West Africa.

  • 12 July 2018

    London-based Ophir Energy has not yet finalized the project finance solution for its Fortuna FLNG project in Equatorial Guinea. 

  • 21 October 2014

    Ophir Energy completed the Drill Stem Test (DST) on the Fortuna-2 well in Block R, Equatorial Guinea.  After successfully drilling and coring the Fortuna-2 well, a DST was conducted to prove the deliverability of the Fortuna gas field.  The DST achieved a sustained flowrate of60MMscfd with a drawdown of less than 20 psi at the […]

  • 12 July 2017
    Project & Tenders

    London-based oil and gas company Ophir Energy is closing in on a final investment decision (FID) for its Fortuna FLNG project offshore Equatorial Guinea, which is now set for the second half of the year. Although the company’s previous plan entailed delivering the Fortuna FID in the “first half of the year,” then by “mid-2017,” the […]

  • 9 March 2017
    Infrastructure, Project & Tenders

    Ophir Energy, a London-listed oil and gas company, expects to take the Final Investment Decision (FID) for the Fortuna FLNG project in Equatorial Guinea by mid-2017.  The company is working on developing the gas reserves found in the Block R, offshore Equatorial Guinea, through a floating LNG (FLNG) solution. The project’s FID was previously expected to […]

  • 2 October 2017
    Project & Tenders

    London-based Ophir Energy has awarded the upstream construction contract for its Fortuna FLNG project in Equatorial Guinea to Subsea Integration Alliance, a partnership between Schlumberger’s OneSubsea and Subsea 7. The deal awarded through Ophir’s Equatorial Guinea unit is structured as an engineering, procurement, construction, installation and commissioning (EPCIC) contract for the subsea umbilicals, risers and flowlines […]

  • 31 May 2018

    Oilfield services provider Schlumberger has decided to dissolve OneLNG, its joint venture with Golar LNG.

  • 23 November 2017
    Infrastructure, Project & Tenders

    Ophir will most likely not be making a final investment decision for its Fortuna FLNG project in Equatorial Guinea in 2017. Despite its recent claim it still expected the FID of the Fortuna project to be achieved in 4Q 2017, this now seems unrealistic. Namely, the company has now agreed a one-year extension to the […]

  • 10 March 2016

    London-based Ophir Energy, the developer of the Fortuna FLNG project in Equatorial Guinea, has reported a $376 million pre-tax loss for 2015 due to plunging oil prices and booking impairments against its assets. Following the 34% reduction in the commodity price during the year, the company’s producing and development assets were impaired on a pre-tax basis […]

  • 7 January 2019
    Business & Finance, Project & Tenders

    Ophir Energy has received notification from the Equatorial Guinea Ministry of Mines and Hydrocarbons that the Block R Licence, which contains the Fortuna gas discovery, will not be extended following expiry of the license on December 31, 2018.