Ophir Energy says Bythos 1 is a gas discovery – Equatorial Guinea

This article is extracted from International Oil Letter, Vol 24 issue 52, published 22 December 2008.

Local sources suggest that Ophir Energy has made a gas discovery with new-field wildcat Bythos 1, its second of a possible four-well exploration program in offshore Block R.  The permit covers 2,681 sq km in the Niger Delta Basin, west-southwest of Bioko Island in water depths ranging from 1,200 to over 2,000m.  According to Ophir, Block R lies in an area of the Niger Delta characterized by compressional toe-thrusts and multiple reservoir fairways.  The company has identified six prospective features with a gross unrisked resource potential of over 2.5 billion barrels.

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The company’s first well on the Fortuna prospect was plugged and abandoned dry in early November 2008.  The Premium Drilling “Deep Venture” D/S then moved to drill Bythos 1, a fault-dependent four-way dip closure prospect of mid-Miocene age.  The interests in Block R are shared between GEPetrol, administrative operator (20%), and Ophir, technical operator (80%).  The company has since completed a third exploration well, Lykos 1, as a gas discovery but has yet to comment on the results.

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