Ophir Energy announces that it has awarded Upstream Front End Engineering and Design (FEED) contracts for the Fortuna FLNG Project in Block R, Equatorial Guinea to two contractor consortia, (i) McDermott Marine Construction Ltd and GE Oil & Gas UK Ltd and (ii) Subsea 7 and Aker Solutions.
Ophir Energy plc (“Ophir” or “the Company”) announces it has signed a binding heads of terms for a midstream chartering and operating services agreement with Golar LNG (“Golar”) with the agreement of GEPetrol, its partner in Block R in Equatorial Guinea, who will formally ratify it next week.
Ophir Energy plc (“Ophir” or “the Company”) announces that it has completed the acquisition of four deepwater Production Sharing Contracts (“PSCs”) in Indonesia from Niko Resources (“Niko”). This follows the announcement of the agreement to acquire interests in a series of Niko’s deepwater PSCs on 27 October 2014.
Ophir Energy plc is pleased to announce that it has signed a Production Sharing Contract with the Myanmar Ministry of Energy which finalises the award of Block AD-03 offshore Myanmar.
Ophir Energy plc (“Ophir” or “the Company”) announces the appointment of Excelerate Energy, L.P (“Excelerate”) as its lead Midstream Partner for the provision of Floating Liquefaction and Storage facilities at Ophir’s operated FLNG project in Block R, Equatorial Guinea.
Ophir Energy plc (“Ophir” or “the Company”) announces the signature of an amendment to the Block R PSC that establishes gas fiscal terms within the PSC and a fiscal framework for the FLNG project.
Ophir Energy plc (“Ophir” or “the Company”) is pleased to announce it has entered into an agreement with Niko Resources (“Niko”) to acquire interests in seven deepwater Production Sharing Contracts (“PSCs”) in Indonesia. The transaction brings access to large acreage positions in highly prospective basins and expands Ophir’s footprint in South East Asia, following the award of acreage offshore Myanmar earlier this year.
Ophir Energy plc (“Ophir” or “the Company”) announces it has expanded its footprint offshore Gabon by signing exploration and production sharing contracts for two additional blocks.
Ophir Energy plc (“Ophir”) announced on 14 August 2014 that, after assessing the near-term capital needs of the business and the discount the Company’s shares are trading at in relation to the underlying core value of the asset base, the Board had approved a share buyback programme of up to US$100 million of ordinary shares (the “Programme”).
Further to recent press speculation, Ophir confirms that it recently made an approach to the Board of Premier with an indicative proposal to merge the two businesses. The Ophir Board believed that merging the two businesses provided the potential to create a well-funded, re-focussed, full cycle Exploration and Production company. However, the proposal was subsequently rejected by the Premier Board.