Ophir fails to find oil in well offshore Gabon
LONDON, June 26 (Reuters) - Oil explorer Ophir Energy (Other OTC: OPGYF - news) said on Thursday it failed to find any significant volumes of oil at its Okala-1 well in the Mbeli Block offshore Gabon.
"Okala marks the end of Ophir's 2014 exploration campaign in Gabon," said Nick Cooper, chief executive of Ophir, which holds a 50 percent operated interest in the well.
The drill rig used will now move to Equitorial Guinea to drill three wells in the Block R area, Ophir said.
(Reporting by Karolin Schaps; editing by Kate Holton)