Austrian energy firm OMV has entered a farm-in agreement with Ophir Energy on its deepwater blocks offshore Gabon.
For a 30% interest in Manga and Gnondo Blocks and a 10% interest in the Mbeli and Ntsina blocks OMV will cover the costs of five wells and a 3D seismic survey planned across the licences.
The drilling of the first well in the blocks is planned for February next year.
“We are delighted to have agreed this deal with OMV across our acreage position in Gabon,” said Nick Cooper, chief executive of Ophir Energy.
“It brings a well-financed, experienced and motivated partner into our blocks and is in-line with our strategy of mitigating exploration risk ahead of drilling.”
Subject to the Gabon government approval, Ophir will retain majority stakes in the block, with a 70% interest in the Manga and Gnondo blocks and a 40% interest in the Mbeli and Ntsina blocks.
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