Ophir?s Halmahera-Kofiau PSC in termination process
Tuesday, February 16 2016 - 02:27 AM WIB
By Febry Silaban
The Halmahera-Kofiau PSC, offshore West Papua, which is owned by UK-based oil and gas exploration firm Ophir Energy Plc., is currently in the process of termination, according to upstream authority SKK Migas year-end report obtained by Petromindo.com.
SKK Migas did not give further details.
The block was signed on Nov. 30, 2009 and was awarded to Canadian firm Niko Resources Ltd.
In Oct. 2014, Ophir Energy entered into an agreement with Niko to acquire interest in seven deepwater PSCs in Indonesia, including the Halmahera-Kofiau PSC.
Editing by Reiner Simanjuntak