Africa Oil & Gas: Ophir ditches Ivory Coast block
UK-based Ophir Energy has decided to exit from Block 513 offshore Cote d’Ivoire (Ivory Coast), following an unsuccessful well at the acreage last year.
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Africa Oil & Gas: Ophir Energy to borrow $1.2 bln from Chinese banks for Equatorial Guinea floating LNG
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.
Read MoreAfrica Discovery & Development: Political Dispute sends Tanzania burgeoning natural gas prospects into chaos
Earlier this month a political dispute over natural gas contracts led to the arrest of two state officials, sending the country’s burgeoning natural gas prospects into chaos—along with billions in foreign investment from major players including ExxonMobil, Statoil, BG Group and Ophir.
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