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Tuesday, May 16, 2017
The Ayamé-1X exploration well drilled by Ophir Energy and African Petroleum offshore Côte d’Ivoire failed to encounter hydrocarbons. The well was drilled to a total depth of 5,394 meters and while there were oil shows, no significant hydrocarbons were encountered.
The well was targeting a number of turbidite channel complexes of Santonian and Turonian age. A full analysis and interpretation of the data is being conducted, but the well will be plugged and abandoned as a dry hole.
Operations are forecast to complete by May 22 at an estimated final gross cost of $20.5 million.
African Petroleum has a 45% interest in block CI-513 after farming out a 45% operated interest to Ophir Energy in March 2016.
Commenting on the result, Jens Pace, CEO of African Petroleum, said: “The well results are obviously not what we were hoping for; however, as an exploration company, we are always pragmatic about the chances of success when it comes to drilling exploration prospects. We are grateful to our partner Ophir Energy who did an excellent job as operator and completed the well safely and under budget. We will now work closely with Ophir Energy to analyze the data obtained through drilling, particularly the oil shows that were encountered in the target reservoirs, in order to establish the next steps with regards to the license. Our full attention now returns to concluding the farm-outs in Senegal and The Gambia so that we can return to exploration drilling in the near future.”
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