Myanmar

Ophir has a 95% operated participating interest in the deepwater exploration Block AD-03 offshore Myanmar, which covers approximately 10,000 sq km in water depths up to 2,500 metres.

Myanmar

Ophir has a 95% operated interest in Block AD-03 with a gross area of 9,898km2 in water depths up to 2,500m.

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Key highlights

  • Block AD-03 PSC signed in December 2014
  • Completed a 10,800km2 3D seismic survey in June 2015

Outlook

  • Process and interpret seismic data and develop prospect inventory

95%

Ophir's operated participating interest

Block AD-03 is located in the Rakhine Basin, on trend with the 9+ Tcf Shwe gas field development which exports gas to China via pipeline.

Ophir completed a 10,800 km2 3D seismic survey in June 2015. These data are currently being processed and will be interpreted during the second half of 2015 with a view to maturing a prospect inventory for drilling candidate selection as early as mid- 2016.