Schlumberger will reimburse 50% of Ophir's past costs in the form of a development carried interest which will cover Ophir's share of capex up to first LNG. This will give Schlumberger a direct interest in the field cash flow though it will not take equity in the PSC contract. Instead it will have limited liabilities under a service contract. A non binding Heads of Terms Agreement was signed with a definite agreement due to be completed in Q2 2016. In a related announcement on January 22nd Golar and Schlumberger announced an MOU to co operate in the marketing of FLNG solutions to holders of stranded gas reserves. The deal greatly improves the probability of the project achieving FID in 2016.