Ophir highlights potential in Jodari field

The successful results of the three-well appraisal programme on the Jodari field offshore Tanzania significantly 'de-risks' the project and underlines is potential, according to 40 per cent owner Ophir Energy.

The oil and gas group, which owns the field with larger operator BG Group (60% owner), announced on Wednesday morning that it had completed appraisal drilling on Jodari field on Block 1, with the programme showing "consistent, high reservoir quality".

The drilling also backed up the 3.4trn cubic feet of gas mean recoverable resource estimate, and confirmed the feasibility of high-angle (sub-horizontal) drilling thereby reducing development costs, Ophir said.

"The appraisal programme has significantly de-risked the Jodari field underlining its potential to anchor Tanzania's first multi-train LNG development," said Ophir's Chief Executive Officer Nick Cooper.

"The Ophir-BG Joint Venture will now appraise the Mzia discovery and return to Jodari-1 to conduct Tanzania's first flow test. Thereafter the joint venture expects to return to high impact exploration drilling in Block 1 during Q1 2013."

BC