Ophir's Kora-1 Well Disappoints

Ophir Energy has completed drilling operations on the Kora-1 well in the AGC Profond Production Sharing Contract. The well failed to hit pay, so Ophir will plug and abandon it.

Drilled by the Maersk Deliverer semisub in 8,530 feet (2,600 meters) of water, Kora-1 targeted a salt-cored, dip-closed anticline. The well reached a total depth of 14,590 feet (4,447 meters).

The operator stated that the formation evaluation while drilling data shows that the primary (Albian) and secondary (Coniacian and Barremian) reservoir intervals were penetrated close to their anticipated depths, but the well encountered a clay stone and thinly-bedded limestone sequence rather than the prognosed sandstone reservoir facies. The Kora-1 well has fulfilled the work commitment for the current phase of the AGC Profond PSC.

Ophir Energy operates the license with a 44.2% interest; Noble Energy with 30%; I'Enterprise with 12%; FAR with 8.8%; and with Rocksource 5%.  

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