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MARINE & SUBSEA

New wave of FLNG to be smaller, cheaper

OPHIR Energy may have just written down its Fortuna floating LNG development in Equatorial Guinea because of a lack of funding certainty, but internationally the prospects for FLNG are roaring back, according to a new report for Westwood Energy.

Haydn Black
Any sunrise for FLNG will be over smaller projects.

Any sunrise for FLNG will be over smaller projects.

      Ophir wrote down the value of Fortuna to US$300 million after the dissolution of the OneLNG JV and the withdrawal of Schlumberger from the project raised the funding risks, and now the Equatorial...

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