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Ophir Energy

Oil & Gas

African Petroleum and Ophir Energy strike production sharing deal

African Petroleum has signed a new production sharing contract with Ophir Energy covering the company’s CI-513 licence area in Cote d’Ivoire. The new contract means Ophir Energy has a 45% interest and is operator of the asset while African Petroleum holds a 45% interest and the regions National Oil company the remaining 10%. Ophir Energy will make a $16.9million contribution towards African Petroleum’s back costs in relation to the block.

Oil & Gas

Ophir Energy comes up dry at Soy Siam prospect

Ophir Energy has completed operations on a wildcat exploration well on the Soy Siam prospect after it came up dry. The company said well reached a total depth of 1,627metres and encountered primary Miocene reservoir targets on prognosis in terms of quality and depth. However all reservoirs were dry and no hydrocarbons were encountered and the well has since been plugged and abandoned.

Oil & Gas

Ophir Energy hits dry wells in Tanzania

Ophir Energy has hit a number of dry wells in some of its Tanzanian offshore assets. The company said the Tende-1, which was drilled in East Pande by the Deepsea Metro I drillshop had shown no moveable hydrocarbons in the prospect. Initial gas traces had been captured in the upper strata of the primary objective.