Overview
On 25 April 2005 Ophir entered into a joint venture agreement with Premier Oil plc (PMO) of the UK to collaborate in the pursuit of exploration and production ventures in Congo (Brazzaville)
On 25 April 2005 Ophir entered into a joint venture agreement with Premier Oil plc (PMO) of the UK to collaborate in the pursuit of exploration and production ventures in Congo (Brazzaville).
A Production Sharing Contract (PSC) for the offshore area designated Marine IX was ratified on 22 May 2006. Ophir has a 31.5% interest, PMO a 31.5% (and is the project Operator), Kufpec Congo (Marine IX) Limited (Kufpec) a 27% interest and the National Oil Company (SNPC) a carried 10.0% interest.
PMO has notified the Government of Congo (Brazzaville) of its intention to withdraw at the end of the first exploration period.
Interest
Exploration
The Block IX Joint Venture drilled the Frida-1 exploration well during 2009 to test a Cretaceous aged carbonate raft play. The well did not encounter any hydrocarbons. Ophir had elected not to participate in the drilling of Frida-1 and the well was therefore drilled as a sole risk operation by the remaining Joint Venture participants.
Licence Details
| Licence Name | Marine IX |
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| Basin | Congo Coastal |
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| Gross Area | 1,044km2 |
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| Depths | 400 to 1,600m |
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| Licencee: |
Interest: |
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| Premier Oil plc (Operator) | 31.5% |
| Ophir (JV Party) | 31.5% |
| Kufpec (JV Party) | 27.0% |
| SNPC (JV Party) | 10.0% |
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