Ophir Spuds Starfish-1 Well in Ghana

Ophir Energy plc (Ophir) announces the spud of the Starfish-1 well in the Ophir operated Offshore Accra PSC. The Starfish-1 well is Ophir’s first well in Ghana and will be drilled by the Stena DrillMax drillship.

The Starfish-1 well is located in water depths of 1,500m and has a target depth of 3,850m. The well is designed as a play-opener to test a stratigraphic onlap trap. ¬†Ophir’s Management estimates mean prospective resources of 292 MMBOE with a 20% chance of success for the Starfish prospect. The well is expected to require approximately 40-days to complete. Ophir operates the Offshore Accra PSC with a 20% equity position.

Nick Cooper, CEO of Ophir said ‘The Starfish-1 well is a playfinder exploration well designed to test a potential eastwards extension of the transform margin play. The well kicks off an acceleration of Ophir’s drilling operations into a broader gas and oil exploration programme, with four new oil plays being targeted in the next 12 months in addition to the ongoing gas exploration in Tanzania’.

 

[mappress]
Press Release, June 19, 2013
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