News listings

energy-pedia general news

Medco Energi completes acquisition of Ophir Energy


22 May 2019

Photo - see caption

Medco Energi has announced the completion of the acquisition of Ophir Energy in a recommended all cash offer valued at £408.4 million.

Ophir’s assets are highly complementary to MedcoEnergi’s existing portfolio and the combined business creates a leading regional oil and gas player in Southeast Asia.  The acquisition of Ophir will increase MedcoEnergi’s 2019 pro forma production by approx. 29% to 110 Mboepd, and combined 2P reserves and 2C resources by 86% to 1,439 MMboe.

Hilmi Panigoro, President Director of MedcoEnergi, said:

'We are delighted to have successfully completed the acquisition of Ophir, which firmly establishes MedcoEnergi as a leading oil & gas player in Southeast Asia.  This acquisition further underlines our strategy to selectively expand MedcoEnergi’s presence and we believe it will create value for all of our stakeholders.'

Original article link

Source: Medco Energi





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current deals: 1698
Completed deals: 5219

Company Profiles

Current Company Profiles: 2644

Corporate Activity

Current Corporate Activity articles: 3303

Companies Looking

Current number of articles: 427

Company Sales

Current Company Sales articles:1362

Geostudies

Current Geostudies articles: 643

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

Union Jack Oil 149
RSK Logo 149
KL Publishing
count geophysics
OPC
energy365
Government of South Australia
Geoespace
Rose & Assocs 149
SLR Consulting logo
Bayphase
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com