UK-based Ophir Energy has once again been forced to delay taking a final investment decision on its challenging Fortuna floating liquefied natural gas project off Equatorial Guinea, jeopardising its planned start-up date of 2020.
Project sanction is now forecast to take place in the first quarter of next year, almost two years beyond Ophir’s original aim of mid-2016.
On a positive note, however, the Equatorial Guinea government granted the operator a much-needed 12-month extension — to December 2018 — of the licence covering Block R, whch hosts the deep-water Fortuna gas complex.
