Well has 13% chance of success
Ophir will drill another well in Tanzania’s Block 7, eight months after it plugged its first dry hole in the year in the acreage. Mkuki-1 is one additional well that the company just added to its 2014 drilling programme in Tanzania. After completing the Tende-1 well, the Deepsea Metro I rig will move to Block 7 to drill the Mkuki-1 well. Ophir has an 80% operated interest in the Block 7 PSC, which is located to the north of the significant gas discoveries in Blocks 1, 2, 3 and 4. Mkuki-1 will be located in the western, inboard portion of the block, in a water depth of 1,655m and has a planned total depth of 3,200m. The well is targeting gas in a Tertiary clastic reservoir with a mean prospective resource estimate of 2.19TCF at a 13% chance of success. Drilling operations are expected to take approximately 20 days.