Ophir Energy is an independent Upstream oil and gas exploration and production company focused on Asia and Africa. Ophir creates value by finding resources and then monetising them at the appropriate time.Ophir’s vision is to be the leading independent international oil and gas exploration and production company.Ophir’s model for value creation is through the exploration and appraisal phases of the E&P cycle; and through monetising assets at the appropriate time to capture optimum value for shareholders. Our job is to find resources for the minimal capital outlay and then to monetise them for the highest possible price.In 2014 we took the decision, in consultation with major shareholders, to move towards sustainability. A key part of this financing model is the addition of production assets which generate cash flow to fund exploration and appraisal activity. The acquisition of Salamander Energy in March 2015 was the first step towards achieving this goal.Ophir is listed on the London Stock Exchange with a market capitalisation of c. US$1.5 million. It is an African - Asian focused independent upstream oil and gas company with licences in Equatorial Guinea, Tanzania, Kenya, Gabon, Seychelles and Myanmar. In 2014 Ophir agreed to acquire seven deep-water exploration licences in Eastern Indonesia. Ophir is headquartered in London.Ophir has interests in 12 PSCs in Indonesia. These include the Kerendan gas field development and two adjacent exploration licences, North East Bangkanai and West Bangkanai in onshore Kalimantan; four exploration licences in the Makassar Strait and four deepwater exploration licences in Eastern Indonesia.The Kerendan gas field contains around 280 Bcf and in 2014 the West Kerendan well discovered a further 310 Bcf. The first phase of the project will commericalise 120 Bcf through a Gas Sales Agreement with PLN (Indonesian National Power Company). This will see 20 MMscfd produced into a 155 MW power plant PLN is building 3 km from the field. The power plant has the potential to be expanded by 2020 which could increase demand from the Kerendan field to around 70 MMscfd. The North East and West Bangkanai PSCs, as well as the Bangkanai PSC (within which the Kerendan field is located), contain analogue structures. Ophir will complete seismic surveys over these in the coming years ahead of possible future exploration drilling.In Eastern Indonesia Ophir has four deepwater licences, West Papua IV, Aru, Halmahera-Kofiau and Kofiau. Multiple leads and prospects have been identified which are a mixture of clastic and carbonate play types in both proven and frontier basins. The West Papua area (West Papua IV and Aru PSCs) is frontier and potentially high impact, primarily prospective for oil within a carbonate play where reservoir quality has been partially derisked by drilling to date. The Western Birds Head Area, prospective for both oil and gas in carbonate and clastic plays, has been de-risked by existing discoveries on the Kofiau PSC.The focus in 2016 will be to re-interpret existing 3D seismic data and commission new 3D surveys on several blocks with drilling campaigns likely to start in 2017.
Ophir Energy is an independent Upstream oil and gas exploration and production company focused on Asia and Africa. Ophir creates value by finding resources and then monetising them at the appropriate time.Ophir’s vision is to be the leading independent international oil and gas exploration and production company.Ophir’s model for value creation is through the exploration and appraisal phases of the E&P cycle; and through monetising assets at the appropriate time to capture optimum value for shareholders. Our job is to find resources for the minimal capital outlay and then to monetise them for the highest possible price.In 2014 we took the decision, in consultation with major shareholders, to move towards sustainability. A key part of this financing model is the addition of production assets which generate cash flow to fund exploration and appraisal activity. The acquisition of Salamander Energy in March 2015 was the first step towards achieving this goal.Ophir is listed on the London Stock Exchange with a market capitalisation of c. US$1.5 million. It is an African - Asian focused independent upstream oil and gas company with licences in Equatorial Guinea, Tanzania, Kenya, Gabon, Seychelles and Myanmar. In 2014 Ophir agreed to acquire seven deep-water exploration licences in Eastern Indonesia. Ophir is headquartered in London.Ophir has interests in 12 PSCs in Indonesia. These include the Kerendan gas field development and two adjacent exploration licences, North East Bangkanai and West Bangkanai in onshore Kalimantan; four exploration licences in the Makassar Strait and four deepwater exploration licences in Eastern Indonesia.The Kerendan gas field contains around 280 Bcf and in 2014 the West Kerendan well discovered a further 310 Bcf. The first phase of the project will commericalise 120 Bcf through a Gas Sales Agreement with PLN (Indonesian National Power Company). This will see 20 MMscfd produced into a 155 MW power plant PLN is building 3 km from the field. The power plant has the potential to be expanded by 2020 which could increase demand from the Kerendan field to around 70 MMscfd. The North East and West Bangkanai PSCs, as well as the Bangkanai PSC (within which the Kerendan field is located), contain analogue structures. Ophir will complete seismic surveys over these in the coming years ahead of possible future exploration drilling.In Eastern Indonesia Ophir has four deepwater licences, West Papua IV, Aru, Halmahera-Kofiau and Kofiau. Multiple leads and prospects have been identified which are a mixture of clastic and carbonate play types in both proven and frontier basins. The West Papua area (West Papua IV and Aru PSCs) is frontier and potentially high impact, primarily prospective for oil within a carbonate play where reservoir quality has been partially derisked by drilling to date. The Western Birds Head Area, prospective for both oil and gas in carbonate and clastic plays, has been de-risked by existing discoveries on the Kofiau PSC.The focus in 2016 will be to re-interpret existing 3D seismic data and commission new 3D surveys on several blocks with drilling campaigns likely to start in 2017.
Ophir Energy is an independent Upstream oil and gas exploration and production company focused on Asia and Africa. Ophir creates value by finding resources and then monetising them at the appropriate time.Ophir’s vision is to be the leading independent international oil and gas exploration and production company.Ophir’s model for value creation is through the exploration and appraisal phases of the E&P cycle; and through monetising assets at the appropriate time to capture optimum value for shareholders. Our job is to find resources for the minimal capital outlay and then to monetise them for the highest possible price.In 2014 we took the decision, in consultation with major shareholders, to move towards sustainability. A key part of this financing model is the addition of production assets which generate cash flow to fund exploration and appraisal activity. The acquisition of Salamander Energy in March 2015 was the first step towards achieving this goal.Ophir is listed on the London Stock Exchange with a market capitalisation of c. US$1.5 million. It is an African - Asian focused independent upstream oil and gas company with licences in Equatorial Guinea, Tanzania, Kenya, Gabon, Seychelles and Myanmar. In 2014 Ophir agreed to acquire seven deep-water exploration licences in Eastern Indonesia. Ophir is headquartered in London.Ophir has interests in 12 PSCs in Indonesia. These include the Kerendan gas field development and two adjacent exploration licences, North East Bangkanai and West Bangkanai in onshore Kalimantan; four exploration licences in the Makassar Strait and four deepwater exploration licences in Eastern Indonesia.The Kerendan gas field contains around 280 Bcf and in 2014 the West Kerendan well discovered a further 310 Bcf. The first phase of the project will commericalise 120 Bcf through a Gas Sales Agreement with PLN (Indonesian National Power Company). This will see 20 MMscfd produced into a 155 MW power plant PLN is building 3 km from the field. The power plant has the potential to be expanded by 2020 which could increase demand from the Kerendan field to around 70 MMscfd. The North East and West Bangkanai PSCs, as well as the Bangkanai PSC (within which the Kerendan field is located), contain analogue structures. Ophir will complete seismic surveys over these in the coming years ahead of possible future exploration drilling.In Eastern Indonesia Ophir has four deepwater licences, West Papua IV, Aru, Halmahera-Kofiau and Kofiau. Multiple leads and prospects have been identified which are a mixture of clastic and carbonate play types in both proven and frontier basins. The West Papua area (West Papua IV and Aru PSCs) is frontier and potentially high impact, primarily prospective for oil within a carbonate play where reservoir quality has been partially derisked by drilling to date. The Western Birds Head Area, prospective for both oil and gas in carbonate and clastic plays, has been de-risked by existing discoveries on the Kofiau PSC.The focus in 2016 will be to re-interpret existing 3D seismic data and commission new 3D surveys on several blocks with drilling campaigns likely to start in 2017.