Mexico

Ophir has a 23.3% non-operated interest in Block 5 located in the Sureste Basin in the Gulf of Mexico

Mexico

Ophir has a 23.3% non-operated interest in Block 5, offshore Mexico covering a gross area of ~2,600km2 in water depths of 500-1,000m

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Key highlights

  • Block 5 PSC signed in March 2017

Outlook

  • Wide azimuth seismic acquisition, processing and interpretation
  • Drilling of one firm well within initial four year phase

The energy sector in Mexico was recently liberalised meaning that for the first time in nearly 80 years, international companies were able to bid for acreage in Mexican waters. Block 5 in Mexico is situated offshore in moderate water depths in the Sureste Basin, Gulf of Mexico.  Ophir is part of a Murphy-operated consortium which also includes PC Carigali (part of Petronas) and Sierra Oil & Gas.