29 Dec 2016 07:00
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