Golar LNG's new joint venture with Schlumberger is to work with exploration firm Ophir Energy in Africa.

The OneLNG combination, announced in July, has signed a binding agreement to form a joint operating company (JOC) to develop the Fortuna project off Equatorial Guinea.

Golar will use its FLNG technology for the work.

OneLNG and Ophir will have 66.2% and 33.8% ownership respectively.

The new company will facilitate the financing, construction, development and operation of the $2bn project and will own Ophir's share of the Block R licence and Golar's 125,000-cbm LNG carrier Gandria (built 1977), which is being converted into an FLNG vessel.

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