Tanzania: Ophir hits dry well in Block 7

Issue 269 - 16 Jan 2014
London Stock Exchange-listed Ophir Energy has announced that its high-impact Mlinzi Mbali-1 well in offshore Block 7 failed to find hydrocarbons. The Deepsea Metro I drillship is now drilling the Sunbird well on Kenyan Block 10A for BG Group. It will then return to Tanzania, where wells are planned on Block 1 and on the Ophir-operated East Pande Block during H1 2014. Broker Investec said that, while Mlinzi was “a disappointment, the well was a high-risk prospect and only the first well in a 2014 programme that now includes up to ten wells, seven of which represent play openers”.

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