Monday, 13 September 2010

Tullow finds oil offshore Ghana

Tullow Oil has discovered a major new oil find in the Owo-1 exploration sidetrack in the Deepwater Tano licence offshore Ghana. Results of drilling, wireline logs and samples of reservoir fluids have confirmed that Owo is a major new oil field.

The sidetrack showed a "very substantial" 200 meter gross oil column in the heart of the Owo oil field, with new condensate and gas accumulations below, said exploration director for Tullow, Angus McCoss.

"The discovery of very material volumes of light oil in Owo and the fact that the oil is concentrated in high quality channel sands greatly enhances our outlook for the efficient future development of both the Owo and Tweneboa fields," he said.

For more news and expert analysis about Ghana, please see Ghana Politics & Security.

© 2010 Menas Associates

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