Ophir Energy has signed a binding heads of terms for a midstream chartering and operating services agreement with Golar LNG with the agreement of GEPetrol, its partner in Block R in Equatorial Guinea, who will formally ratify it next week.

This agreement establishes the key commercial terms for Golar to build, operate and maintain the floating liquefaction and storage vessel and facilities at Ophir’s operated Fortuna floating liquefied natural gas (FLNG) project in Block R, Equatorial Guinea. The vessel to be used will be Golar’s Gimi FLNG vessel.