Ophir Energy plc (“Ophir” or “the Company”) announces it has expanded its footprint offshore Gabon by signing exploration and production sharing contracts for two additional blocks.
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.
- 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.
- Seek industry partner to drill the most significant prospect comprising unrisked multi-hundred mmbo potential
operated interest in three Blocks
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.