LNG

May 14 (LNGJ) - Two LNG project stakeholders in West Africa, Ophir Energy of the UK and Kosmos Energy of Texas, will jointly develop an exploration and production licence offshore Equatorial Guinea. Ophir, a stakeholder in the Fortuna floating LNG venture with other companies offshore Equatorial Guinea, acquired its newest Block EG-24 exploration licence in nation’s 2017 bidding round. Kosmos, a joint venture partner with BP of the UK in two FLNG projects offshore Mauritania and Senegal, will acquire a 40 percent non-operated interest in Block EG-24 from Ophir. The deal includes Kosmos paying for the cost of a block-wide 3D seismic survey during the first exploration period of the licence. It will also partially carry Ophir for the cost of a well if one is drilled. “Kosmos is a logical partner for us in EG-24 as its team have considerable prior experience of the Rio Muni Basin,” said Nick Cooper, Ophir Chief Executive.