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Eirik Raude lined up for Equatorial Guinea
 Explorer Ophir Energy has contracted Ocean Rig's Eirik Raude for a new drilling campaign offshore West Africa.
Ophir announced today that it has secured the rig for three firm wells offshore Equatorial Guinea commencing in April this year over 60 days in its operated Block R region.
Wells are designed to delineate sufficient additional gas reserves and to facilitate a fast-track gas development, Ophir has indicated.
These latest wells will be following up the Fortuna gas discovery and the first drilling target is a 541 billion cubic feet reservoir in the Fortuna fan area, but the same well will also be aimed at testing other stratigraphic levels.
A second well lined up for the Eirik Raude will test the 650 bcf Tone 1 prospect, and a third well will target Silenus East, with mean prospective resources of 437 bcf.
Development of a new LNG plant in Equatorial Guinea is already underway after Ophir, and its partner GE Petrol, along with the Equatorial Guinea government announced on 17 January that they have agreed the commercial structure for a second LNG train.
Together with its partners, Ophir says it is now working on the development planning, plant size and timing for that second LNG train, with a target for a Final Investment Decision by the end of this year and first LNG from Block R is due in 2018.
“The advancing commercial agreements with the partners in the second LNG train project demonstrate a clear route to commercialising gas discoveries in country,” stated Ophir chief executive Nick Cooper.
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Aker group grows value Norwegian industrial group Aker ASA says it value rose 16% in the first quarter to NOK 22.5 billion (US $3.74 bn) as its investments – mainly in oil and gas operations rose in value.
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