Ophir has agreed to acquire a 42% stake from Chevron in block A-5, 10,569 sq km offshore Rakhine Basin. The transfer may include operatorship, and is subject to normal approvals. Of note, the study period for A-5 has been extended by 1.5 years to 27 Mar â19. Partnership to be Chevron (current op), Ophir + Royal Marine Engineering Co.  
Ophir has agreed to acquire a 42% stake from Chevron (->57%, RME 1%) in block A-5 (10569kmÂ²).