In November last year, Ophir Energy, with a 33.8% stake, and OneLNG, on 66.2%, formed the Fortuna Company Joint Venture to operate the project’s upstream, midstream operating, midstream FLNG and marketing elements.
State-owned GePetrol will take a 20% stake in the Block R production sharing contract, paying its pro-rata share of phase-one upstream development costs of $500 million. In midstream operating — essentially the FLNG vessel — state-owned Sonagas has a 29% stake with GePetrol on 20% and Fortuna Co on 51%.
Fortuna
