Under the deal, a wholly-owned subsidiary of Africa-focused Ophir will acquire a 20% working interest and will drill the deep-water Starfish-1 well as the new operator of the block.
The drilling of Starfish-1 is anticipated next year. According to Tap, the well will target mean prospective resources of 665 million barrels.
As a result of the farm-out agreement, Tap has also reduced its participating interest in the contract area from 40% to 17.5%
