Offshore exploration, Indonesia
Ophir has two deep-water exploration licences in the Aru Trough, Eastern Indonesia.
- Potential multi-hundred million barrels.
- Completed Trepang 3D seismic survey on the West Papua IV and Aru licences in Q4 2016
- Completed the reprocessing of existing seismic over the West Papua IV licence
- Continue refining of the prospect portfolio to drill-ready status
Deepwater licences in Eastern Indonesia
The West Papua IV and Aru Blocks were acquired from Niko Resources Limited in 2015.
This is a deepwater oil play within the Miocene-aged, New Guinea platform carbonate, with the potential to contain in excess of a billion barrels recoverable. We have acquired new state-of-the-art 3D seismic in 2016 over the key leads and prospects. This has been fully processed and interpreted, and we are now in the process of determining whether to move ahead and drill.