A binding agreement has been signed with Ophir Energy and GEPetrol for operation in Equatorial Guinea.

The 20-year contract starts in 2019 and is expected to generate $350m of EBITDA for Golar in the first full year.

The company said the deal was “further evidence of the technical and commercial competitiveness of GoFLNG, and the attractions of a short lead-time and lower risk implementation.”

Golar