On 16 September, Ophir Energy announced that it would expand its current floating liquefied natural gas (FLNG) project in Equatorial Guinea due to a recent finding of additional gas offshore in the Silenus East-1 well, near the island of Bioko. It is estimated that this well holds around 405 billion cubic feet of recoverable gas, expanding the project by 0.5 million tonnes per annum.
Minister of Mines, Industry and Energy of Equatorial Guinea, Gabriel Mbaga Obiang Lima, issued an official statement on this new discovery, noting his gladness at Ophir’s project expansion as it will certainly produce beneficial outcomes for the country’s growing oil industry. This will be Africa’s first floating liquefied natural gas (FLNG) project and it represents the increasing diversification and innovation that defines the Equatorial Guinean hydrocarbons sector.
The first gas is expected to flow from this project in early 2019.
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