Offshore exploration, Indonesia

Ophir has two deep-water exploration licences in the Aru Trough, Eastern Indonesia.

Offshore exploration, Indonesia

Ophir has a 49.9% operated interest in the West Papua IV Block and a 60% operated interest in the Aru Block covering a gross area of 5,701 km2.

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Key highlights

  • 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

Outlook

  • Continue refining of the prospect portfolio to drill-ready status

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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. Once this has been fully processed and interpreted, we will determine whether to move ahead and drill in the Q4 2017-Q2 2018 window.