Search results for: Ophir

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  • 11 January 2019

    Indonesia’s Medco Energi has set a price for a potential offer for the takeover of London-listed oil company Ophir Energy – 48.5 pence a share in cash.

  • 21 March 2019

    London-listed oil company Ophir Energy has accepted Indonesia Medco Energy’s increased takeover bid. Ophir was also recently approached by Coro Energy over a potential takeover.

  • 28 January 2019

    Indonesia’s Medco Global has been given more time to decide whether it will proceed with the proposed takeover of Ophir Energy, or not. “At the request of Ophir, the Takeover Panel has consented to an extension of the deadline for Medco Global to either announce a firm intention to make an offer for Ophir or […]

  • 13 January 2016

    Ophir Energy, operator of the Fortuna FLNG project offshore Equatorial Guinea, said on Wednesday it named two regional directors. The UK-listed oil and gas group appointed John Bell to the position of Director – Asia and Oliver Quinn to the position of Director – Africa and Global New Ventures. “Both John and Oliver start their […]

  • 9 December 2015
    Project & Tenders

    UK-based Ophir Energy Ophir said it has signed heads of agreements for LNG offtake from its Fortuna FLNG project in Equatorial Guinea. The agreements were signed with six counterparties, all of whom are “established LNG buyers in European and Asian markets“, Ophir said in a statement released on Wednesday. Furthermore, the gross capital expenditure required […]

  • 11 January 2019

    Indonesian oil and gas company Medco Energi has informed Ophir Energy of the details on the potential offer. 

  • 8 June 2011
    Business & Finance

    Ophir Energy plc (Ophir)  announces that it has entered into an agreement with subsidiaries of Noble Energy, Inc. (Noble) and Rocksource ASA (Rocksource) concerning Ophir’s interests in the Production Sharing Contract (PSC) covering the AGC Profond block in the offshore territory jointly administered by Senegal and Guinea Bissau. Under the terms of the agreement Noble […]

  • 6 March 2019

    Soco International has decided not to make an offer for Ophir Energy after an original all-share proposal was rejected in January.

  • 14 January 2019
    Business & Finance

    Ophir Energy has rejected Medco’s potential offer of 48.5 pence a share that the Indonesian company announced on Friday.

  • 19 June 2013

    Ophir Energy plc (Ophir) announces the spud of the Starfish-1 well in the Ophir operated Offshore Accra PSC. The Starfish-1 well is Ophir’s first well in Ghana and will be drilled by the Stena DrillMax drillship. The Starfish-1 well is located in water depths of 1,500m and has a target depth of 3,850m. The well […]

  • 3 November 2014
    Business & Finance

    Ophir Energy has confirmed it is interested in acquiring the entire issued and to be issued share capital of Salamander Energy. The announcement by Ophir today follows a statement issued on October 27 by Salamander, in which the Asia-focused oil company said it had been approached by Ophir and, separately, by a consortium led by Compañía Española […]

  • 12 January 2017

    Ophir Energy, a company working to bring on stream its gas reserves offshore Equatorial Guinea, has said the project remains on schedule. In an operational update on Thursday, Ophir said the Fortuna FLNG “remains firmly on schedule” for a Final Investment Decision in 1H 2017, and that Ophir and its partner, OneLNG, are making good progress […]

  • 30 January 2019

    Medco and Ophir Energy have agreed to proceed with a proposed deal under which Medco will buy Ophir for 55 pence a share in cash. The acquisition values Ophir at £390.6M (around $511M).

  • 14 January 2019

    London-based Ophir Energy said the company’s board decided to reject the possible offer to be made by Medco Energi. 

  • 2 January 2014
    Business & Finance, Operations & Maintenance

    Ophir Energy plc (“Ophir” or “the Company”) announces that drilling operations have now concluded on the Mlinzi Mbali-1 well in Block 7, Tanzania. Ophir has an 80% net interest. The well was located c.210km east of Dar es Salaam and was drilled by the Deepsea Metro I drillship. Mlinzi Mbali-1 is the first well on […]

  • 25 January 2016
    Business & Finance, Infrastructure

    Ophir Energy, an independent oil and gas company, and Schlumberger, the world’s largest oilfield services provider, have entered into a non-binding Heads of Terms Agreement whereby Schlumberger will get a 40% economic interest in the Fortuna FLNG project, offshore Equatorial Guinea.  Fortuna sits within the Block R licence, offshore Equatorial Guinea, which is located in the south-eastern […]

  • 2 January 2019

    Ophir Energy is in talks to sell the company to Indonesia’s Medco, a Southeast Asian energy and natural resources company listed on the Jakarta Stock Exchange. 

  • 7 April 2011
    Business & Finance

      Ophir Energy plc (Ophir)announces that a subsidiary has entered into agreement with Ras Al Khaimah Gas Tanzania Ltd (RAKGas) to acquire a 70% interest and Operatorship of a Production Sharing Agreement (PSA) over an area designated as the East Pande Block in Tanzania. Completion of this agreement is subject to standard Government consents. The […]

  • 9 March 2017

    London-based Ophir Energy on Thursday said it still expects to make a final investment decision on its Fortuna FLNG project in Equatorial Guinea in mid-2017.

  • 17 June 2011
    Business & Finance

    Ophir Energy plc (Ophir) announced that it has entered into an agreement with a subsidiary of Petróleo Brasileiro S.A. (Petrobras) over Ophir’s interests in Production Sharing Contracts (PSCs) covering the Mbeli and Ntsina Blocks offshore Gabon. Subject to securing consent from the relevant Gabonese authorities, Petrobras will acquire 50% of Ophir’s interest in each of […]

  • 12 July 2017

    London-based Ophir Energy on Wednesday said it now expects to make a final investment decision on its Fortuna FLNG project in Equatorial Guinea in the second part of this year. Previously, Ophir and its partner, OneLNG, a joint venture between Golar LNG and Schlumberger, expected to make the final decision in mid-2017. “Given that the remaining […]

  • 30 January 2019

    London-based Ophir Energy on Wednesday said that following negotiations with Medco, the companies have reached an agreement on the terms of the potential takeover bid.