New York-listed players Golar LNG and New Fortress Energy have teamed up to exploit gas discoveries offshore Equatorial Guinea via a floating liquefied natural gas vessel, with a key engineering, procurement and construction contract to be awarded imminently.

Multiple sources told Upstream that Golar is set to award an EPC contract within days to a shipyard to convert a tanker into an FLNG vessel.

It is understood that the FLNG unit will be installed off the west coast of Bioko Island in Block R, deep-water acreage that hosts about 2.6