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Ophir Energy completes acquisition of four deepwater PSCs


Published Apr 29, 2015
Ophir Energy

Ophir Energy has completed the acquisition of four deepwater Production Sharing Contracts in Indonesia from Niko Resources. This follows the announcement of the agreement to acquire interests in a series of Niko's deepwater PSCs on 27 October 2014.

The PSCs that have been acquired today are West Papua IV, Aru, Kofiau and Halmahera-Kofiau, all of which will be operated by Ophir. The PSCs are located in two core areas in Eastern Indonesia - West Papua and the Western Birds Head, both of which are highly prospective basins with exposure to a mix of proven and frontier oil and gas plays.

Ophir is also in the process of completing the acquisition from Niko of two additional PSCs - North Makassar Strait and North Ganal; a further update on these will be provided in due course. Ophir has separately decided that it will no longer be proceeding with the acquisition of the Obi PSC.

Tags: Niko Resources Ltd., Ophir Energy




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