Monday, 28 March 2011
Tullow discovers hydrocarbons in offshore Ghana
Tullow's Exploration Director Angus McCoss said: “The discovery of hydrocarbons at the Teak-2 location is a very good result, providing important data for the future development of the Jubilee field…The well demonstrated that the Teak-2 discovery is not part of the Teak-1 discovery but is potentially a Jubilee field gas cap. The Campanian reservoirs at Teak-2 confirm significant up-dip potential in the greater Teak area."
The company also said that once the operations are completed, the rig will move to drill the Banda-1 well, targeting Campanian and Cenomanian reservoirs in the east of the licence.
Sources: Irish Times, Proactive Investors, Business Week
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