Project Profile
Value: Undisclosed
Location: west of Blocks 1, 3 and 4, coastal region of southern Tanzania
Reserves: 2.38TCF (from Tende discovery only)
Area: 7,500km2
Depth (water): 680 metres
Ophir Energy plc (Ophir) through a subsidiary has entered into agreement with Ras Al Khaimah Gas Tanzania Ltd (RAKGas) to acquire a 70% interest and Operatorship of a Production Sharing Agreement (PSA) over an area designated as the East Pande Block in Tanzania. The East Pande license lies in the coastal region of southern Tanzania covering an offshore and onshore area in excess of 7,500km2. The block lies immediately to the west of Blocks 1, 3 and 4 in which Ophir has a 40% interest. Ophir has recently drilled the first deepwater wells offshore Tanzania resulting in three significant gas discoveries. The maximum water depth in the East Pande block is approximately 2,000m. The PSA was awarded to RAKGas in 2006. In late 2010 RAKGas acquired approximately 1,800 line kilometres of 2D seismic data in the offshore section of the block. The data indicates the continuous nature of the geology between East Pande and the prospective Ophir acreage to the east. Subject to partner and Government consent, Ophir intends to acquire a new 3D seismic survey in the offshore section of the block. Under the terms of the farm in agreement, Ophir will fund 100% of the cost of the 3D seismic survey and will reimburse certain back-costs. In the event that Ophir elects to drill, RAKGas will be carried through the drilling of the first exploration well.
The Tende-1 well is on trend with the recent Taachui-1 discovery in Block 1 at a water depth of 680m and will be drilled to a planned total depth of 4,200m. The well is targeting gas in a lower Cretaceous sandstone reservoir with a mean prospective resource estimate of 2.38TCF at a 15% chance of success. (2014)
Operators:
Ophir Energy plc (Ophir): Operator with 70% interest
Ras Al Khaimah Gas Tanzania Ltd (RAKGas): 30% interest