Ophir eyes US$1.2 billion funding for Fortuna FLNG project
Monday, Dec 18, 2017
The following is an update on the status of the Fortuna FLNG project ("the Project"), Equatorial Guinea.

Further to the release on 23 November, Ophir, together with its partners in the Project, have decided to prioritise one of the alternative funding solutions that would see a leading Asian bank provide funding of up to $1.2bn, on similar commercial terms to those agreed earlier this year with the group of three Chinese banks.These discussions are at an advanced stage and whilst significant progress was made towards closing out the financing in December, it has not proven possible in the limited time available. These discussions are now continuing into the New Year. Upon confirmation of the financing the Project will proceed to a Final Investment Decision.

Furthermore, Ophir is collaborating with OneLNG to confirm a prompt start to Fortuna Project.

For more information, please visit: https://www.ophir-energy.com

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