Excelerate Energy Named Midstream Partner For FLNG Project Off Equatorial Guinea

December 2014, Vol. 241, No. 12

Excelerate Energy has executed an agreement with the Government of Equatorial Guinea and Ophir Energy plc for a floating liquefaction storage and offloading vessel (FLSO). The Fortuna FLNG will be located at Block R, Equatorial Guinea which is owned 80% by Ophir and 20% by the national oil company of Equatorial Guinea, GEPetrol.

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 all definitive agreements and a final investment decision, Excelerate will build, own and operate the FLSO vessel and provide liquefaction services to Ophir. First gas is expected in 2019.

The facility will be located 140 km off the coast of Bioko Island, Equatorial Guinea. The FLSO will liquefy natural gas onboard the specialized vessel and subsequently offload to LNG carriers. The project is expected to produce up to 3 mtpa for a period of 20 years. The facility will operate in depths of 1,600 meters.

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