Chevron has agreed to acquire a 53% stake from Ophir in block AD-03, Â 9,900 sq km offshore Rakhine Basin, subject to govt approval. Ophir will retain 42%, likely with operatorship, existing partner Parami Energy. Plans include drilling the Aung Sakyar prospect, PTD ca. 5,700m, for which a drill-or-drop is expected in 1H â18. 
Chevron has agreed to acquire a 53% stake from Ophir (->42%, Param I Egy. 5%) in block AD-03 (9900kmÂ²).