Operational Update

Ophir provides the following operational update on the Bualuang Field ahead of its Annual General Meeting today.

Ayame-1X Well Result

Ophir announces that the Ayame-1X exploration well in Block 513, Cote D’Ivoire, has reached total depth of 5,394m True Vertical Depth Sub Sea.

Fortuna update

Ophir announces that further to the signing last week of the Umbrella Agreement for the Fortuna FLNG project, another milestone has been completed with the award of the Midstream construction contracts.

Execution of the Fortuna Umbrella Agreement

The Republic of Equatorial Guinea, Ophir Holdings & Ventures Ltd, a subsidiary of Ophir Energy (“Ophir”), OneLNG SA and La Compañía Nacional De Petróleos De Guinea Ecuatorial (“GEPetrol”) have signed a detailed Umbrella Agreement (“UA”) that establishes the full legal and fiscal framework for the Fortuna FLNG Project, Africa’s first deepwater FLNG project.

Conclusion of Tanzania Drilling

Ophir and its joint venture partners, BG Tanzania (Shell) and Pavilion Energy, have concluded the drilling of two exploration wells offshore Tanzania, safely and on time.

Board Committee membership

In accordance with Rule 9.6.11(3) of the Listing Rules, the Board of Directors of the Company announces that the following changes have been made to the membership of its Board Committees:

Ophir and OneLNG to form a Joint Operating Company to develop Fortuna FLNG Project

Ophir Holdings & Ventures LTD (“Ophir”), a wholly owned subsidiary of Ophir Energy plc, and OneLNGSM, a joint venture between subsidiaries of Golar LNG Limited and Schlumberger, announce that they have signed a binding Shareholders’ Agreement to establish a Joint Operating Company (“JOC”) to develop the Fortuna project, in Block R, offshore Equatorial Guinea utilising Golar’s FLNG technology.

Tanzania drilling

Ophir notes the below press release issued by Shell, the operator of Blocks 1 and 4 in Tanzania, regarding the commencement of exploration drilling: