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.

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.

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