Ophir Energy, an independent oil and gas company, and Schlumberger, the world’s largest oilfield services provider, have entered into a non-binding Heads of Terms Agreement whereby Schlumberger will get a 40% economic interest in the Fortuna FLNG project, offshore Equatorial Guinea.

Fortuna sits within the Block R licence, offshore Equatorial Guinea, which is located in the south-eastern part of the Niger Delta complex. Ophir holds an 80% operated interest in Block R and GEPetrol holds 20% interest.