Ophir Energy today announced an oil discovery in its Equatorial Guinea project.
The Silenus East-1 well has found an estimated 405bcf of gas from the upper and deeper reservoirs and has significantly de-risked a family of surrounding prospects bringing the total mean recoverable gas in the project area to an estimated c.1.2TCF.
The 67m gross gas column was encountered in the target with high quality reservoir after being drilled by the Vantage Titanium Explorer drillship within the thrust belt area of Block R.
Nick Cooper, chief executive, said: “The Silenus East well result has confirmed sufficient incremental volumes for Ophir to be able to expand the Block R FLNG project from a 2.5mmTPA to a 3.0mmTPA project.
“This is important in that it provides economies of scale that increase the value of this already economic project.”
The drilling was in line with pre-drill expectations and the well was deepened to test a secondary high risk oil target and encountered high quality, but water-wet, reservoirs with weak oil shows.
The drillship has now moved to complete the Fortuna-2 appraisal well, where Ohpir will conduct the first flow test in Block R.
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