New Tanzania Gas Discovery Increases LNG Capacity

Ophir Energy has announced a new Tanzania gas discovery in its Block 4 Kamba-1 well, indicating discoveries of 1.03 trillion CF in the Kamba and Fulusi prospects and an increase in the capacity of a liquefied natural gas (LNG) train. According to reports, the reservoir sands are of better quality than had been projected prior to drilling and additional analysis is expected show that the volumes discovered are also greater than previously anticipated. The Block 4 license is currently operated by the BG Group with Ophir holding a 20% interest in the block. The BG Group is currently planning to construct a build a plant in Tanzania that will export LNG to Asia following a government assessment of where the plant should ultimately be located. In a statement released by Ophir Energy, the company’s CEO, Nick Cooper, indicated that the recent discovery shows enough gas in the block to justify an additional 5 million ton-per-annum LNG plant to support the project. The Kamba-1 discovery represents the 16th consecutive discovery and the final well in the current drilling campaign by joint venture of Ophir and BG Group.