Nick Cooper

Africa Oil & Gas: Ophir Energy to borrow $1.2 bln from Chinese banks for Equatorial Guinea floating LNG

Posted on May 10, 2017 by Mozambique Resources Post

British oil and gas explorer Ophir Energy plans to borrow $1.2 billion from Chinese banks to back the development of its Fortuna floating liquefied natural gas (FLNG) export project in Equatorial Guinea. The project is set to be cleared at the end of June, while the buyer of the LNG and the financial structure underpinning the scheme should be announced by the end of this month, Ophir Energy CEO Nick Cooper said on Monday.

Africa Oil & Gas: Ophir Energy, OneLNG and GEPetrol sign Umbrella Agreement for Fortuna FLNG

Posted on May 3, 2017 by Mozambique Resources Post

The Republic of Equatorial Guinea, Ophir Holdings & Ventures, a subsidiary of Ophir Energy, OneLNG and La Compañía Nacional De Petróleos De Guinea Ecuatorial (‘GEPetrol’) have signed a detailed Umbrella Agreement (‘UA’) that establishes the full legal and fiscal framework for the Fortuna FLNG Project, Africa’s first deepwater FLNG project. The UA reconfirms the participation rights of GEPetrol as partners for 20% of the upstream portion of the project, and for a future potential participation…