Deals
Ophir Seeks Partners for $3.5 Billion LNG Project in West Africa
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Ophir Energy Plc is seeking partners to share costs in its $3.5 billion floating liquefied natural gas project off Equatorial Guinea.
Ophir plans to invest about $200 million to explore for additional gas off the West African nation, said Chief Executive Officer Nick Cooper. The company, based in London, needs to increase resources by about 15 percent to 3 trillion cubic feet to support construction of a floating plant with capacity of 2.5 million tons a year.