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    Yonhap: Samsung Heavy Industries to build floating LNG vessel off Equatorial Guinea

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Block R is 80 percent owned by Ophir and 20 percent owned by Equatorial Guinea's state-operated oil company, GEPetrol.

by: Sruthi

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Press Notes, Africa

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Yonhap: Samsung Heavy Industries to build floating LNG vessel off Equatorial Guinea

U.S.-based Excelerate Energy has signed an agreement to lead a floating liquefied natural gas (FLNG) project off the coast of Equatorial Guinea, which includes the key participation of South Korean shipbuilder Samsung Heavy Industries.

A statement dated Nov. 6 said Excelerate Energy will act as the consortium's leading contractor in the deal with London-based Ophir Energy to develop gas reserves in the Block R natural gas field west of Bioko Island. The company said it will partner with Samsung Heavy Industries and U.S. engineering company Black & Veatch.

Block R, located about 140 kilometers off the coast of Bioko Island, is 80 percent owned by Ophir and 20 percent owned by Equatorial Guinea's state-operated oil company, GEPetrol.
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