Ophir Gets Disappointing Results from Tanzania Well

Ophir Energy said Thursday that drilling operations on the Mlinzi Mbali-1 well in Block 7, offshore Tanzania have concluded.

“Mlinzi Mbali-1 was the first of a series of high impact, high risk wells that will be drilled by Ophir through 2014.  This frontier well disappointingly did not encounter live hydrocarbons, however it is the deepest stratigraphic test offshore Tanzania and will provide crucial information that will be integrated into our interpretation of the potential of Block 7 and the wider deepwater basins of Tanzania,” Nick Cooper, CEO, commented.

Mlinzi Mbali-1 is the first well on Block 7 and targeted a structural crest within a Lower Cretaceous channel complex, with secondary targets in the Upper Cretaceous and the Jurassic. The Cretaceous targets were intersected and are interpreted to be water bearing. The well was completed ahead of time and budget.

The company has 80% net interest in the block. The firm  acquired its operated interest in Block 7 in February 2012 through the acquisition of Dominion Petroleum.

In November last year, Ophir sold 20% stake in Tanzanian Blocks 1, 3 and 4 to Temasek’s Pavilion Energy for $1.3 billion.

Sign-up for our free weekly newsletter update via email here