Ophir targets major gas reserves in Equatorial Guinea and Tanzania

Block R offshore Equatorial Guinea. (Image source: Ophir Energy)Block R offshore Equatorial Guinea. (Image source: Ophir Energy)Ophir Energy has announced that it expects the results from four wells in Tanzania and Equatorial Guinea, targeting trillions of cubic feet (tcf) of gas, by early September

"Ophir's 2012 drilling programme has so far delivered the Jodari-1 and Mzia-1 gas discoveries in Tanzania,” said Ophir Energy chief executive officer, Nick Cooper.

“With the kick-off of our Equatorial Guinea campaign, we are now running simultaneous drilling campaigns in West and East Africa through the summer."

The company started drilling the first well in Block R, which it operates with an 80 per cent stake, in Equatorial Guinea on July 2 using the Eirik Raude drilling rig.

The rig will drill the top-hole sections at both Fortuna East and Fortuna West before moving to the Tonel-1 location where it will drill the entire well.

Once Tonel-1 has been completed the rig will return to, and complete, Fortuna West and then Fortuna East.

The entire programme is expected to take 60 to 90 days.

Results from BG’s Block 1, 3 and 4 drilling programme in Tanzania, in which Ophir holds a 40 per cent interest, are expected to be released in late July.

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