Monday, 28 March 2011

Tullow discovers hydrocarbons in offshore Ghana

Tullow has discovered hydrocarbons at the Teak-2 exploration well in the West Cape Three Points licence in offshore Ghana. The company who owns a 22 per cent share in the licence, said it was targeting an undrilled fault block between the Jubilee field and the Teak-1 discovery. Six metres of net oil and gas pay were found at the top of good quality Campanian reservoirs.

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

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

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