Indonesia’s Medco Energi has completed its £408.4 million ($519.3 million) takeover of UK player Ophir Energy.
Medco confirmed the completion of the deal, saying it would increase its pro-forma production by about 29% to 110,000 barrels of oil equivalent per day. It will also increase the company’s combined proven plus probable reserves and best estimate contingent resources by 86% to 1.44
