London-listed Ophir Energy is in talks with Equatorial Guinea’s government to bring on-stream a second LNG train in 2017-18.
Ophir has found enough gas in block R to underpin fully a second liquefaction train at Punta Europa on Bioko Island with significant remaining gas potential in the acreage.
Chief executive Nick Cooper said the Equatoguinean government “wants to beat East African gas to market” and all parties aim to make a final investment decision on a second train in 2014.
Ophir has so far found about 3 trillion cubic feet of gas in block R with the potential for at least a further 7 Tcf to be discovered.
The company’s recent drilling successes on its acreage have significantly de-risked future exploration in the asset,...
