Completion of acquisition of certain SE Asian producing assets
Ophir is pleased to announce the completion of the acquisition of the Producing Assets from Santos Limited (“Santos”).
The Madura Offshore PSC contract area, offshore Indonesia is located in the East Java Basin in water depths of 48 metres to 65 metres and covers an area of 849 km2. Ophir has a 67.5% operated interest in the Madura PSC.
Cumulative gross production year end 2017 is 306 Bcf and 32 Bcf sales of gas respectively. Gross average 2017 production was approximately 54 MMcf of sales gas per day.
As of 1 January 2018 the licence contained 2P net reserves (working interest basis) of 4.3 MMboe.