Ophir Energy offers £118m for East African assets

African oil and gas explorer Ophir Energy has offered to buy Dominion Petroleum for £118million. The proposed deal would expand the firm’s activities with new oil and gas reserves in […]

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By Vicky Ellis

African oil and gas explorer Ophir Energy has offered to buy Dominion Petroleum for £118million. The proposed deal would expand the firm’s activities with new oil and gas reserves in East and Central Africa.

Nick Cooper, Ophir’s CEO said: “Ophir has been at the forefront of exploration efforts in deepwater Tanzania and has developed a detailed technical understanding of this emerging East Africa offshore play. The addition of Dominion’s assets to our portfolio positions Ophir as the largest independent net deepwater acreage holder in East Africa.”