Preliminary Results of Ophir for 2011 in Kenya

Source: www.gulfoilandgas.com 3/21/2012, Location: Africa

Ophir Energy plc (Ophir) announces its Results for the year ended 31 December 2011. Nick Cooper, CEO, Ophir Energy Said: “2011 was a transformational year for Ophir. The Group successfully completed a $384mm IPO during a period of difficult market volatility. The Group has since joined the FTSE 250 and has commenced the busiest operational program in its history with a nine well program in 2012.

After the acquisition of Dominion Petroleum Ltd, Ophir’s East African portfolio position has grown such that the Group is now the largest acreage holder in the fast evolving offshore East African play. This compliments the Group’s extensive portfolio of interest in West Africa and enables Ophir to be an active driller on both sides of the continent in 2012 and beyond. Looking into 2013, early stage preparations are already underway for a further twelve wells across our core countries.The Board looks to the future with confidence and excitement.”

Kenya (L-9)
Block L-9 covers 5,110 km2 offshore Kenya on the Davy-Walu structural trend. Ophir currently has 100% operatorship and working interest in the L-9, but is in the process of transferring 30% to Flow Energy Limited and 10% to Avana Petroleum Limited. The JOA is being finalised. The L-9 PSC was signed by Dominion with the Kenyan government on the 17th May 2011. During the first two year exploration period, Ophir has a commitment to shoot 500 km2 of 3D seismic data, reprocess 2,500km of 2D seismic and carry out geological and geophysical field studies. The Lamu basin has the potential to contain both gas and liquids as demonstrated by previous wells in the area. Synthetic aperture radar has also identified possible oil seeps locally. Adjacent to L-9 are blocks being operated by Apache and Anadarko. The Mbawa prospect in the Apache-operated block L-8 is along trend from similar features in L-9. Mbawa is to be drilled by Apache in Q3, 2012. Ophir has signed an agreement to work with Apache in a 3D seismic program over the L-8 / L-9 Mbawa south area in Q1 2012. It is planned this will lead to potential drilling in L9 during 1H 2013.

Kenya (L–15)
Block L-15 of the Lamu Basin, offshore Kenya covers an area of 2,331 km2 and lies to the north of L-9 and is also on the Davy-Walu structural trend. The only well in Block L-15 is Kofia-1, which was drilled by the Union Oil in 1985 and encountered oil and gas shows in the Palaeogene and Upper Cretaceous intervals. The L-15 PSC was signed on October 5, 2011 and Ophir now holds 100% working interest and operatorship in the block. Ophir is planning a 3D seismic program in Q3 2012, with potential drilling in 2013.


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Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


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