Ophir Energy Plc Results of G4/50-10 Exploration Well (1229E)
02 November 2015 - 8:00AM
UK Regulatory
TIDMOPHR
RNS Number : 1229E
Ophir Energy Plc
02 November 2015
2 November 2015
Ophir Energy plc
("Ophir")
Results of G4/50-10 Exploration Well
Ophir announces that it has completed operations on the G4/50-10
exploration well that was testing the Soy Siam prospect. The well
reached a total depth of 1,627 metres (True Vertical Depth Sub-Sea)
and encountered the primary Miocene reservoir targets on prognosis
in terms of both reservoir quality and depth. However, all
reservoirs were dry and no hydrocarbon shows were encountered. The
well has therefore been plugged and abandoned as a dry hole.
Preliminary well failure analysis suggests that the structure had
no access to charge, which was identified pre-drill as one of the
key risks.
The rig will now move to drill the Parichat South West prospect.
This well is independent of Soy Siam as it is testing a different
petroleum system. The Parichat complex is a cluster of four fault
blocks located 30 km south of the Bualuang field that have
potentially been charged from deeper in the South Western
Sub-Basin. Each fault block has multiple stacked, Miocene and
Oligocene reservoir targets. The South West fault block is the
initial target with a mean prospective resource of 25 MMbo and a
32% chance of success. If successful, the Parichat South East fault
block would form an immediate follow on location.
Ends
For Further Enquiries please contact:
Ophir Energy plc +44 (0)20 7811 2400
Nick Cooper, Chief Executive Officer
Bill Higgs, Chief Operating Officer
Geoff Callow, Head of Investor Relations
Brunswick Group +44 (0)20 7404 5959
Patrick Handley
Carolina Desmeules
This information is provided by RNS
The company news service from the London Stock Exchange
END
DRLPKDDNNBDDODK
(END) Dow Jones Newswires
November 02, 2015 02:00 ET (07:00 GMT)
Ophir Energy (LSE:OPHR)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Ophir Energy (LSE:OPHR)
Historical Stock Chart
Von Jul 2023 bis Jul 2024
Echtzeit-Nachrichten über Ophir Energy Plc (Londoner Börse): 0 Nachrichtenartikel
Weitere Ophir Energy News-Artikel