Pavilion completes offshore Tanzania farm-in with Ophir

Offshore staff

LONDONOphir Energy has completed a transaction offshore Tanzania with Singapore-based Pavilion Energy.

Pavilion has paid around $1.266 billion for 20% interests in blocks 1, 3, and 4. Another $38 million is payable following a final investment decision for the gas fields in the blocks, currently expected in 2016.

03/24/2014

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