West African exploration

Cote d’Ivoire

Ophir has a 45% operated interest in Block CI-513 offshore Cote d’Ivoire.

Cote d’Ivoire

Block CI-513 covers a gross area of 1,443km in water depths up to 3,000m.

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Key highlights

  • Block CI-513 PSC signed in March 2016

Outlook

  • Drilling of an exploration well expected to take place during 2017

45%

Ophir's operated interest

Block CI-513 is located in a relatively under-explored part of the transform margin play fairway.

Extensive regional play fairway evaluation has been conducted in 2014-2015 and the Block contains exploration opportunities of similar geology and scale to the discoveries in the Tano Basin to the east.

Initial activity will be to establish an in-country operating office sufficient capacity to safely and efficiently drill the commitment exploration well planned towards the end of 2017. Technical work will focus on identifying an optimal drilling location followed by well planning studies, drilling execution and post-well evaluation. This performed in good time to allow a fully informed decision on the license drill-or-drop option in March 2018.

 

Gabon

Ophir has interests in three blocks in Gabon: Manga, Nkouere and Nkawa. All of these are located offshore in the North Gabon basin in water depths of up to 2,500 metres.

Gabon

Ophir has a 100% operated interest in the Manga, Nkawa and Nkouere Blocks.

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Key highlights

  • Shot over 10,000 sq km of seismic across six blocks in a single campaign over six months.  Data processing was completed in March 2016 and interpretation has identified significant prospectivity in the out-board area of the Nkawa and Nkouere blocks.

Outlook

  • Seek industry partner to drill the most significant prospect comprising unrisked multi-hundred mmbo potential

100%

operated interest in three Blocks

New

play fairway identified in the out-board area of Nkawa and Nkouere

Processing of the 10,000 sq km Olumi Rouge 3D survey acquired in 2014 was completed in 1Q 2016 and interpretation has identified new play with significant potential.

Working with leading experts in their field, Ophir has identified and matured a new play concept in the out-board area of the North Gabon continental margin with prospectivity akin to recent successes in its conjugate margin.