{"id":4266,"date":"2016-01-17T16:55:15","date_gmt":"2016-01-17T16:55:15","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=4266"},"modified":"2017-01-26T09:55:15","modified_gmt":"2017-01-26T09:55:15","slug":"ophir-energy-exits-seychelles-acreage","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/ophir-energy-exits-seychelles-acreage\/","title":{"rendered":"Ophir Energy Exits Seychelles Acreage"},"content":{"rendered":"

Australian Energy Company\u00a0WHL Energy a\u00a0joint venture partner in Blocks 5B\/1, 5B\/2 and 5B\/3 in Seychelles has announced that its farm-in partner and operator Ophir Energy has elected to exercise its exit option under the Deed of Novation, Amendment and Restatement Agreement<\/a> dated 14 April 2014.<\/p>\n

The agreement between the Government of the Republic of Seychelles, PetroSeychelles, Petroquest International and Ophir relating to\u00a0Blocks 5B\/1, 5B\/2 and 5B\/3 all blocks revert back to the Seychelles Government.<\/p>\n

\u201cOphir in accordance with the terms of the Petroleum Agreement, has elected to exercise its exit option thereunder,\u201d WHL said in a statement.<\/p>\n

Ophir Energy acquired its Seychelles assets following a farm-out agreement with WHL Energy that saw the British explorer acquire: 75 % interest in WHL Energy\u2019s Seychelles Project, provide funding for an initial 1,500km2\u00a03D seismic<\/a> acquisition and processing<\/a> programme and an option to fund a further 1,000km2\u00a0of 3D seismic and 90% of a first exploration well following data evaluation.<\/p>\n

WHL Energy also received $4 million of past costs<\/a> with the potential to receive US$2 million following take up of the drilling option.<\/p>\n

WHL Energy says it is currently in discussions with the Seychelles Government to continue its participation in the Blocks and will update the market in due course of the outcome of these discussions.<\/p>\n","protected":false},"excerpt":{"rendered":"

Australian Energy Company\u00a0WHL Energy a\u00a0joint venture partner in Blocks 5B\/1, 5B\/2 and 5B\/3 in Seychelles has announced that its farm-in partner and operator Ophir Energy has elected to exercise its … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":3158,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[3927,3928,3926,1229,1230,1231,1926,3929,2027,2288,2734],"class_list":["post-4266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-5b2","tag-5b3","tag-blocks-5b1","tag-junon-central","tag-junon-east","tag-junon-south","tag-ophir-energy","tag-petroquest-international","tag-petroseychelles","tag-seychelles","tag-whl-energy","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/07\/Junon-3D.png?fit=591%2C374&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-16O","jetpack-related-posts":[{"id":1295,"url":"https:\/\/www.oilnewskenya.com\/index.php\/dolphin-geophysical-awarded-seychelles-3d-seismic-survey-contract\/","url_meta":{"origin":4266,"position":0},"title":"Dolphin Geophysical awarded Seychelles 3D Seismic Survey Contract","author":"Samuel Kamau Mbote","date":"June 24, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Australian energy company WHL Energy Limited has announced that Ophir Energy plc operator of the jointly held Seychelles exploration blocks, has contracted Dolphin Geophysical to undertake the 1500 km2 Junon 3D seismic survey over the Junon trend. Ophir Energy, as operator holds 75% equity in the Seychelles blocks\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/whl-energy.png?fit=393%2C238&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1512,"url":"https:\/\/www.oilnewskenya.com\/index.php\/ophir-energy-completes-seychelles-3d-seismic-survey\/","url_meta":{"origin":4266,"position":1},"title":"Ophir Energy completes Seychelles 3D seismic survey","author":"Samuel Kamau Mbote","date":"July 29, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Australian energy company WHL Energy Limited has announced the completion of 1,528 km2 Junon 3D seismic survey offshore Seychelles. The survey which is part of Ophir\u2019s farm-in to the Seychelles acreage took 36 days was in line with the 30-40 days estimated and within budget costing US$17m .\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/seychelles1.jpg?fit=749%2C441&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/seychelles1.jpg?fit=749%2C441&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/seychelles1.jpg?fit=749%2C441&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/seychelles1.jpg?fit=749%2C441&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":643,"url":"https:\/\/www.oilnewskenya.com\/index.php\/whl-energy-signs-seychelles-farm-in-agreement-with-ophir-energy\/","url_meta":{"origin":4266,"position":2},"title":"WHL Energy signs Seychelles farm-in agreement with Ophir Energy","author":"Samuel Kamau Mbote","date":"March 4, 2014","format":false,"excerpt":"Australian energy company WHL Energy Limited has signed a farm-in agreement with Ophir Energy plc under\u00a0which Ophir will farm-in to earn a 75% interest in WHL Energy\u2019s exploration interests offshore the\u00a0Seychelles. 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