Ophir Energy to drill five wells in Tanzania, Ghana

5/17/2013

Ophir Energy to drill five wells in Tanzania, Ghana

BY IAIN PACKHAM

LONDON -- Ophir Energy said it is planning a second half of 2013, with further drilling of up to five wells across Blocks 1, 4, and 7 in Tanzania and in the Offshore Accra Block in Ghana.

In Tanzania, Ophir extended the contract with Odfell drilling for Deep Sea Metro I drillship with partner BG Group for a period of at least 18 months for the continuation of the 2013 2014 East African offshore drilling program.

Ophir increased Jodari field mean recoverable resource estimate by 700 Bcf, to 4.1 Tcf following successful appraisal program and Drill Stem Test.

Ophir increased Mzia field mean recoverable resource estimate by 1.0 Tcf to 4.5 Tcf following successful appraisal and testing program.

Ophir started drilling the Ngisi-1 exploration well in Block 4 with the aim of increasing the mean in place resource of the Chewa Pweza Ngisi hub to 5.8 Tcf in place (4.1 Tcf mean recoverable).

Drilling expected in June on the Starfish prospect with Ophir management estimated mean prospective resources of 292 million barrels of oil with a 20% chance of success.

Dow Jones Newswires

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