Tullow Says Results Mixed From Latest Ghana Offshore Oil Well
23 Décembre 2009 - 8:50AM
Dow Jones News
Tullow Oil PLC (TLW.LN) reported Wednesday mixed success in the
latest appraisal on its large Jubilee oil field offshore Ghana.
The Mahogany Deep-2 well provided further confirmation of the
size of the Jubilee field and found two new light oil reservoirs,
but the deepest section of reservoir that the well was targeting
contained only water.
"Confirming the southerly extent of the main Jubilee reservoirs
and encountering two new oil pools takes us another step closer to
realizing the full potential of the Greater Jubilee Area," said
Tullow's Exploration Director Angus McCoss.
Tullow expects to produce first oil from Jubilee, which is
estimated to contain between 600 million and 1.8 billion barrels of
oil equivalent, in the fourth quarter of 2010. It's partners in the
field are Anadarko Petroleum Corp. (APC) and Kosmos Energy, which
has agreed to sell its share to ExxonMobil Corp. (XOM).
-By James Herron, Dow Jones Newswires; +44 (0)20 7842 9317; james.herron@dowjones.com
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