Ophir Energy provided an operational update for its East African operations.
Highlights:
Tanzania, Blocks 1, 3 and 4:
Ophir Operated acreage in Tanzanian & Kenya:
Ophir is conducting a farmout process to introduce a strategic partner ahead of a planned multi-well drilling programme in 2013.
Nick Cooper, CEO of Ophir , said:
“Ophir’s preliminary assessment of the new 3D in the eastern portion of Block 1 has identified basin floor stratigraphy and trapping geometries that could support the trapping of hydrocarbons. The preliminary dataset is of high quality and we are excited by the apparent prospectivity in the Tertiary basin floor fan play. It is early days in the interpretation but there appear to be similarities to the equivalent section of the Rovuma Delta in Mozambique.
Separately, on-going analysis of the Mzia-1 discovery in the Upper Cretaceous slope play of Block 1 indicates a larger in-place resource estimate than our immediate post-drill assessment. Ophir’s estimate of in place resources for Mzia has risen from 2-6 TCF to 4-9 TCF with a mean of 6 TCF. The Jodari and Mzia discoveries in Block 1 are both now likely anchor assets for Tanzania’s first LNG development.
Ophir continues to invest in the remainder of its East African portfolio where seven seismic datasets are being acquired this year to de-risk the exploration potential of Blocks L9, L15, 7 and East Pande. New play types and an associated inventory of drilling targets have been identified “.
[mappress]
LNG World News Staff, September 3, 2012