Offshore Tanzania Ophir reports that a second well in its deepwater exploration programme has also spudded in gas-prone acreage using the Deepsea Metro drillship.
Operated by BG, the Taachui well is targeting reserves estimated at 1.4 Tcf, with the well due to be drilled to a TVDSS of 4,050 m (13,284 ft). Drilling at Taachui is expected to take up to 55 days, Ophir reports, to reach the Cretaceous target zone. The company (Ophir) has a 20% stake in the well, while Austria’s OMV farmed in for 30% equity in this block in a deal announced last December.
Recommended Reading
SLB’s ChampionX Acquisition Key to Production Recovery Market
2024-04-19 - During a quarterly earnings call, SLB CEO Olivier Le Peuch highlighted the production recovery market as a key part of the company’s growth strategy.
PHX Minerals’ Borrowing Base Reaffirmed
2024-04-19 - PHX Minerals said the company’s credit facility was extended through Sept. 1, 2028.
BP Restructures, Reduces Executive Team to 10
2024-04-18 - BP said the organizational changes will reduce duplication and reporting line complexity.
Matador Resources Announces Quarterly Cash Dividend
2024-04-18 - Matador Resources’ dividend is payable on June 7 to shareholders of record by May 17.
EQT Declares Quarterly Dividend
2024-04-18 - EQT Corp.’s dividend is payable June 1 to shareholders of record by May 8.