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Ophir Energy likely to start exploration drill in West Papua IV

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Ophir energy acreage in Indonesia – IST

Jakarta, JubiOphir Energy Indonesia (West Papua IV) Ltd and Ophir Energy Indonesia (Aru) Ltd, are likely to carry out drilling of exploration and appraisal wells in the first quarter in its deep-water working area in eastern Indonesia.

“Initially, we plan to conduct the (exploration) drilling this year, but it looks like to be realized early next year,” Ferdinandus Tetro, external relation officer of Ophir Indonesia midst May 2017.

Ophir has a 49.9% operated interest in the West Papua IV Block and a 60% operated interest in the Aru Block covering a gross area of 5,701 km2.

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Ophir said it has completed the 3D seismic survey on the West Papua IV and Aru licenses in the fourth quarter 2016.

Asking about the results of the seismic survey, Tetro said Ophir is currently evaluation the results of the survey.

In its website, Ophir said this is a deep water oil play within the Miocene-aged, New Guinea platform carbonate, with the potential to contain in excess of a billion barrels recoverable.

“Once this has been fully processed and interpreted, we will determine whether to move ahead and drill in the Q4 2017-Q2 2018 window,” it said.

The wells to be drilled will be between 2,500 and 3,500 meters measured depth.

Ophir Energy acquired the West Papua IV and Aru Blocks from Canadian oil and gas company Niko Resources Limited in 2015. (*)

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