Petroleum Africa
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Monday, October 27, 2014
Ophir Energy added to its acreage in West Africa with the signing of an agreement with the government of Gabon for access to two additional blocks. The new blocks, A3 and A4, are located outboard of Ophir’s existing acreage in the North Gabon basin. Block A3, which will be called the Nkouere PSC, covers 675-sq km and Block A4, which will be called Nkawa PSC, covers almost 2,100 sq km. Both blocks are located in water depths ranging from 2,000-2,500 meters.
The company said that the analysis from its North Gabon drilling campaign enhanced the prospectivity of the deepwater distal margin of the North Gabon Basin. In particular the Cretaceous section, where a now-proven oil-prone marine source rock is overlain by a series of deepwater coarse sands. This offers a petroleum system with the potential for large stratigraphic and structural traps. This frontier play is thus far unexplored in the West Atlantic margins and Ophir is now well positioned to chase the play with an expanded footprint comprised of its existing acreage and the new Nkouere and Nkawa PSCs. Ophir is presently acquiring an 8,600-sq km 3D seismic program on the play in its existing blocks and the 3D acquisition will now be enlarged by a further 2,300 sq km to cover these two new blocks.
Nick Cooper, CEO of Ophir said “Given our learnings from the 2014 campaign, we are pleased to have secured Nkouere and Nkawa PSCs. This frontier play is untested in the West Atlantic margins, and Ophir with the award of these blocks, together with our existing North Gabon acreage, is now able to embark in the next phase of Atlantic frontier exploration, offshore Gabon.”
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