Ophir Energy completes acquisition of deepwater PSCs in Indonesia

Ophir Energy plc has completed the acquisition of four deepwater production sharing contracts (PSCs) in Indonesia from Niko Resources.

The PSCs that have been acquired April 28 are West Papua IV, Aru, Kofiau, and Halmahera-Kofiau, all of which will be operated by Ophir. They are located in two core areas in Eastern Indonesia – West Papua and the Western Birds Head.

Ophir is also completing the acquisition from Niko of two additional PSCs – North Makassar Strait and North Ganal. Ophir has separately decided that it will no longer be proceeding with the acquisition of the Obi PSC.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...