Ophir: Côte d’Ivoire well
Issue 338
- 20 Jan 2017
| 1 minute read
Ophir Energy expects to spud the deep-water Ayame-1 exploration well on Block CI-513 in late May, targeting 240m barrels of recoverable resources with an estimated 28% chance of commercial success. Ophir has a 45% operated interest in the licence.The company expects to make investment decisions this year on options to start further wildcat activity in Equatorial Guinea, Myanmar, Indonesia and Malaysia in the next six- 18 months. In December 2016, Ophir secured its first exploration footprint outside Asia and Africa when it won a stake in offshore Block 5 in the latest Mexico bid round.
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