Ophir Spuds Starfish Well Offshore Ghana

Africa-focused independent oil firm Ophir Energy reported Wednesday that it has begun drilling the Starfish-1 well in its Accra production sharing contract, offshore Ghana.

The Starfish-1 well is located in 4,920 feet of water and has a target depth of 12,630 feet. Its aim is to test a stratigraphic onlap trap. Ophir estimates mean prospective resources of around 292 million barrels of oil equivalent with a 20-percent chance of success for the Starfish prospect.

The well is expected to take around 40 days to complete.

Ophir CEO Nick Cooper commented in a company statement:

"The Starfish-1 well is a playfinder exploration well designed to test a potential eastwards extension of the transform margin play. The well kicks off an acceleration of Ophir's drilling operations into a broader gas and oil exploration program, with four new oil plays being targeted in the next 12 months in addition to the ongoing gas exploration in Tanzania."

Starfish-1 is Ophir's first well in Ghana and is being drilled by the Stena DrillMax (UDW drillship). The firm operates the Accra PSC, holding a 20-percent interest.



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