Ophir Energy spuds Kora-1 well in AGC Profond PSC

Source: www.gulfoilandgas.com 6/28/2011, Location: Africa

Ophir Energy plc is pleased to announce that the drillship Maersk Deliverer has commenced drilling the Kora-1 well in the AGC Profond PSC. The PSC is administered by the “Agence Gestion de Cooperation entre Senegal et Guinea Bissau” (l’Entreprise) which is the joint commission set up by the Governments of Senegal and Guinea-Bissau to administer the maritime zone between the two jurisdictions. The Kora prospect is located approximately 280km SSW of Dakar in 2,700m of water.

Beneficial interests in the Kora-1 well are as follows:
Ophir (Operator) 44.2%
Noble Energy 30.0%
l’Entreprise (State company) 12.0%
FAR 8.8%
Rocksource 5.0%

Ophir’s Managing Director, Nick Cooper commented:
“Ophir is pleased to spud Kora-1, which is the first well to be drilled in the deepwater AGC area. The well will provide valuable information on a previously underexplored part of the NW African margin and has the potential to open up a major new play system. We have built a strong Joint Venture and look forward to working with them and the AGC Authorities through this exciting time.”


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