The leading independent portfolio management consultancy specialising in Acquisition, Advisory & Divestment Services for the upstream international oil and gas community.
17 May 2019
Energy Advisors is pleased to announce the signature of an agreement between
Ophir Mexico Offshore Exploration, S.A. de C.V. ("Ophir")
and Murphy Sur, S. de R.L. de C.V. ("Murphy"), PC Carigali
Mexico Operations, S.A. de C.V. ("Petronas") and Sierra
Offshore Exploration, S. de R.L. de C.V. ("Wintershall Dea")
with respect to the sale of its 23.33% Participating Interest in Block
5 (Cuenca Salina), offshore Mexico, for a cash consideration of USD 35
million. Block 5 includes the Cholula discovery. Stellar was the sole
advisor to Ophir for the divestment process.
has a long history of successful advisory mandates and our team is well
equipped to provide advisory services for any mandate. In the case of
Mexico, Stellar's extensive network and market knowledge resulted in a
highly competitive sales process. Stellar is very pleased to have been
able to assist Ophir in progressing its strategy of minimising its exposure
the full press release please see: https://www.ophir-energy.com/press-release/sale-of-block-5-mexico
Stellar acted as advisor to Ophir Energy for the transaction.