Indonesia\'s Medco sees 100\,000 boepd production after Ophir deal

Indonesia's Medco sees 100,000 boepd production after Ophir deal

Medco currently produces around 85,000 boepd of oil and gas and Ophir produces 27,000 boepd of oil and gas, President Director Hilmi Panigoro saidREUTERS  |  April 02, 2019, 15:49 IST
Indonesia's Medco sees 100,000 boepd production after Ophir deal JAKARTA: * Indonesia's oil and gas company PT Medco Energi Internasional expected its oil and gas production to rise to above 100,000 barrels of oil equivalent per day (boepd) after it acquired London-listed Ophir Energy Plc, Medco's president director said

* Medco currently produces around 85,000 boepd of oil and gas and Ophir produces 27,000 boepd of oil and gas, President Director Hilmi Panigoro said

* Ophir's shareholders last month agreed to Medco's acquisition bid of 408.4 million pounds ($532.76 million)

* Panigoro hopes the deal could be concluded before June 20.