LONDON--Ophir Energy PLC (OPHR.LN) said Thursday no oil has been found at Kitatange-1 in Block 1 and Bunju-1 in Block 4, offshore Tanzania.

The company, together with its joint venture partners, BG Tanzania and Pavilion Energy, have concluded the drilling of the two exploration wells safely and on time, Ophir said.

The two wells fulfill the final exploration commitments over the exploration licenses issued by the Ministry of Energy and Minerals, the company said, adding that the Noble Globetrotter 2 rig has now been demobilized from site.

Subsequent to the completion of drilling Kitatange-1, a bridging license has been awarded for the existing discovery Locations in Block 1, Ophir said.

-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

(END) Dow Jones Newswires

December 29, 2016 02:35 ET (07:35 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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