On completion of the farm-in agreements BG Group will acquire 60% of Ophir’s interests in each of the offshore blocks by contributing 85% towards costs which include an initial work program.
Blocks 1, 3 and 4 offshore Tanzania cover more than 27,000sqkm of the Mafia Deep Offshore Basin and northern portion of the Ruvuma Basin, located in water depths ranging from around 100mt to in excess of 3,000mt.
Completion of the farm-in agreements is expected in June this year.
BG Group is active in more than 25 countries on five continents. The group has a portfolio of exploration and production, Liquefied Natural Gas (LNG), transmission and distribution and power generation business interests.
