High gas prices represent an opportunity for those already producing, but those working on new supplies are feeling the need to accelerate plans. Floating LNG (FLNG) offers one solution, being faster to market than onshore projects.
Greater Tortue Ahmeyim LNG
Kosmos Energy is getting back to work offshore Africa, in Ghana and with three wells planned this year for Equatorial Guinea.
Petrofac has won a contract from BP for work on operational procedures at the Greater Tortue Ahmeyim (GTA) project, offshore Mauritania and Senegal.
Kosmos Energy expects its capital expenditure to reach $575-625 million this year, driven largely by its work with BP offshore Mauritania and Senegal.
The Grand Tortue Ahmeyim gas field development, straddling the offshore waters of Mauritania and Senegal, is expected to produce its first gas in 2023 following delays related to the coronavirus pandemic, according to Senegal’s Oil Minister Sophie Gladima.
Kosmos Energy has dropped plans to sell down its stake in an LNG project offshore Mauritania and Senegal, instead opting to seek financing for its plans.
Golar LNG has reached a new project schedule for the Greater Tortue Ahmeyim project, a floating LNG (FLNG) plan offshore Mauritania and Senegal.
Kosmos Energy reported a net loss of $199 million for the second quarter of the year, with an adjusted net loss of $95mn.
Kosmos Energy has reported a net loss of $36 million for the fourth quarter of 2019, although free cash flow reached $139mn for the period.
BP has signed a sale and purchase agreement (SPA) for LNG from the first phase of its Greater Tortue Ahmeyim LNG project.
Perenco’s floating LNG (FLNG) project in Cameroon has exported 29 cargoes to date and is planning a drilling campaign, in 2020, in order to prove up additional reserves.