Ophir Energy’s production sharing contract for block R in Equatorial Guinea has been amended and expanded by 46% to incorporate 773km2 of additional acreage.
Ophir’s partner, the National Oil Company of Equatorial Guinea, signed the amendment with the Ministry of Mines, Industry and Energy.
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The expansion brings the total area of the block to 2,447km2.
The additional acreage contains 15 additional prospects with total indicative resources of three trillion cubic feet, including the drill-ready 450 billion cubic feet Tonel prospect, which will be drilled next year.
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