Ophir aims at LNG development following deepwater Equatorial Guinea gas find

Offshore staff

LONDON – Ophir Energy (LN:OPHR) has confirmed a sixth gas discovery in block R offshore Equatorial Guinea.

The Fortuna West-1 (R6) well, drilled by the semisubmersible Eirik Raude in 1,758 m (5,767 ft) of water, encountered a 72-m (236-ft) gas-bearing column with 60 m (197 ft) of net pay in the targeted Late Miocene sands of the western lobe of the Fortuna complex. Ophir estimates recoverable resources at 397 bcf, 33% above pre-drill estimates.

Gas quality appears consistent with that observed in discoveries on the block. Pressure measurements indicate communication between Fortuna-1, Fortuna East-1, and Fortuna West-1.

Delineation of the underlying mid-Miocene Viscata prospect, previously encountered in both Fortuna-1 and Fortuna East-1, also succeeded. The latest well was positioned to test the lateral extent of the accumulation and encountered an interpreted 37-m (121-ft) gas column with 11 m (36 ft) of net pay and good quality reservoir, with average porosity of 30%.

Ophir estimates mean recoverable resources from Viscata at 618 bcf. Further gas-bearing sands were also encountered deeper down. The well also penetrated the lateral, stratigraphic equivalent interval of the Tranquilla exploration prospect first tested in Fortuna East-1, confirming good quality reservoir.

Block R contingent resources (2C) have now been revised upward to 3 tcf. Additionally, the stratigraphic tests of Tranquilla and Iambe have further de-risked the remaining inventory of more than 10 tcf.

Nick Cooper, CEO of Ophir, said: “The Fortuna wells combined with the Tonel discovery provide confidence to proceed with commercializing the gas via LNG export. A follow-up exploration and appraisal drilling program in 2013 will further advance this valuable gas asset toward development.”

9/17/2012

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...