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OPHIR ENERGY (LON:OPHR) Conclusion of Tanzania Drilling

Directive transparence : information réglementée

29/12/2016 07:00
Ophir Energy Plc  -  OPHR   

Conclusion of Tanzania Drilling

Released 07:00 29-Dec-2016

 

29 December 2016

 

Ophir Energy plc

("Ophir")

 

Conclusion of Tanzania Drilling

 

Ophir and its joint venture partners, BG Tanzania (Shell) and Pavilion Energy, have concluded the drilling of two exploration wells offshore Tanzania, safely and on time. The programme comprised Kitatange-1 in Block 1 and Bunju-1 in Block 4.  After evaluation, Shell, the operator of Blocks 1 and 4, has confirmed that good quality reservoir was encountered in both wells, however hydrocarbons were not found.

 

The Noble Globetrotter 2 rig has been demobilised from site.  The two wells fulfil the final exploration commitments as per the exploration licences issued by the Ministry of Energy and Minerals (MEM). 

 

Subsequent to the completion of drilling Kitatange-1, a bridging licence has been awarded for the existing discovery Locations in Block 1.   

 

 

 

For further enquiries please contact:

 

Ophir Energy plc                                                                              + 44 (0)20 7811 2400

Nick Cooper       Chief Executive Officer

Bill Higgs             Chief Operating Officer

Geoff Callow      Head of Investor Relations

 

Brunswick Group                                                                             + 44 (0)20 7404 5959

Patrick Handley

Wendel Verbeek