Excelerate appointed midstream partner for FLNG project

Excelerate Energy LP

Excelerate Energy LP has executed an agreement with the government of Equatorial Guinea and Ophir Energy plc for the provision of a floating liquefaction storage and offloading (FLSO) vessel.

The project, named Fortuna FLNG, will be located at Block R, Equatorial Guinea, which is owned 80% by Ophir and 20% by GEPetrol, the national oil company of Equatorial Guinea.

Excelerate will act as the lead in a consortium of technology providers that is expected to include Samsung Heavy Industries and Black & Veatch. Upon completion of definitive agreements and FID, Excelerate will build, own, and operate the newbuild FLSO vessel and provide liquefaction services to Ophir. First gas is expected in 2019.

The facility will be in Block R, 140 kilometers off the coast of Bioko Island, Equatorial Guinea. The FLSO will liquefy natural gas into LNG onboard the specialized vessel and subsequently offload the LNG to LNG carriers, allowing for the quick and cost-effective commercialization of the natural gas.

The project is expected to produce up to 3.0 million tonnes of LNG per annum for a period of 20 years.

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