Ophir Energy share price: Company Taps Excelerate Energy For Equatorial Guinea Project

Ophir Energy PLC on Thursday said it has signed a deal with Excelerate Energy LP to be its leading midstream partner on the floating liquefied natural gas project in Block R in Equatorial Guinea

Ophir Energy share price: Company Taps Excelerate Energy For Equatorial Guinea Project

Ophir Energy Taps Excelerate Energy For Equatorial Guinea Project

LONDON (Alliance News) - Ophir Energy PLC on Thursday said it has signed a deal with Excelerate Energy LP to be its leading midstream partner on the floating liquefied natural gas project in Block R in Equatorial Guinea.

Excelerate will provide floating liquefaction and storage facilities at the project and will lead a consortium of contractors working on the project, including Samsung Heavy Industries and Black & Veatch, FTSE 250-listed Ophir said.

"I'm delighted to announce the appointment of the Excelerate consortium as our midstream partners for the Block R FLNG Project. The recent newsflow on the EG FLNG Project demonstrates its commercial viability and moves it further up the value curve ahead of a planned farm down in 2015," said Ophir Chief Executive Officer Nick Cooper.

Ophir shares were up 0.9% to 187.8 pence on Thursday morning.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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