• 4 minutes Pompeo: Aramco Attacks Are An "Act Of War" By Iran
  • 7 minutes Who Really Benefits From The "Iran Attacked Saudi Arabia" Narrative?
  • 11 minutes Trump Will Win In 2020
  • 15 minutes Experts review Saudi damage photos. Say Said is need to do a lot of explaining.
  • 8 hours Iran Vows Major War Even If US Conducts "Limited Strikes"
  • 5 hours Europe: The Cracks Are Beginning To Show
  • 7 hours Memorize date 05/15/2018 cause Huawei ban is the most important single event in world history after 9/11/2001.
  • 5 hours When Trying To Be Objective About Ethanol, Don't Include Big Oil Lies To Balance The Argument
  • 3 hours Hong Kong protesters appeal to Trump for support.
  • 2 hours Ethanol, the Perfect Home Remedy for A Saudi Oil Fever
  • 3 hours Ban Fracking? What in the World Are Democrats Thinking?
  • 12 hours Shale profitability
  • 7 hours LA Times: Vote Trump out in 2020 to Prevent Climate Apocalypse
  • 24 mins Millennials: A boil on the butt of the work ethic
  • 18 hours One of the fire satellite pictures showed what look like the fire hit outside the main oil complex. Like it hit storage or pipeline facility. Not big deal.
  • 6 hours US and China are already in a full economic war and this battle for global hegemony is a little bit frightening
  • 3 hours Let's shut down dissent like The Conversation in Australia
  • 1 day A little something for all you Offshore swabbies
  • 15 hours Yawn... Parliament Poised to Force Brexit Delay Until Jan. 31
Alt Text

Iran Has Perfected The Art Of Hiding Its Oil Tankers

Despite sanctions and mounting geopolitical…

Alt Text

Weakening Shale Productivity “VERY Bullish” For Oil Prices

After years of increasing productivity…

Alt Text

UK Offshore Oil & Gas Is About To Boom Again

The UK offshore scene is…

Stockopedia

Stockopedia

More Info

Premium Content

Tullow Oil Makes New Discovery off Ghana

Tullow Oil (LON:TLW) , the FTSE 100 oil and gas giant has made a new hydrocarbon discovery with the first well on its 2011 multi-well exploration campaign in the West Cape Three Points licence, offshore Ghana. The Teak-1 exploration well has discovered approximately 73 metres of net hydrocarbons in two Campanian and three Turonian-aged reservoirs. The well is located 4.6km north-east of the Mahogany-2 well and 2.7km outside the boundary of Tullow’s hugely successful Jubilee field, which was discovered in July 2007 and began producing oil in December last year. The Tullow Oil share price edged up to 8p to 1411p in the news.

In the shallower Campanian-aged reservoirs, the Teak-1 intersected six metres of oil pay in the upper zone and 33 metres of gas pay with an underlying 15 metre 40 degree API oil leg, in the lower zone. In the deeper stratigraphic Turonian-aged reservoirs, the well intersected 14 metres of gas-condensate pay in two separate zones and five metres of 32 degree API oil pay in a deeper level. Tullow noted that the up-dip combination structural and stratigraphic Campanian trap was potentially 50 sq km in area and would be the subject of further appraisal activity. Interpretation of the potential extent of each of the deeper Turonian zones is ongoing.

The Atwood Hunter rig drilled Teak-1 to a total depth of 3,170 metres in water depths of 868 metres. On completion of operations, the well will be suspended for future use and the rig will move to drill the Teak-2 well which is targeting Campanian and Turonian age reservoirs in a separate fault block between the Teak discovery and the Jubilee field. Tullow has a 22.896% interest in the West Cape Three Points licence and its partners are Kosmos Energy (Operator) and Anadarko Petroleum (30.875% each), the E.O.Group (3.5%), Sabre Oil amp; Gas Holdings (1.854%) and the Ghana National Petroleum Corporation (GNPC) (10% carried interest).

Angus McCoss, Tullow’s exploration director, said: “Success in all five of the targeted reservoirs, encountering 73 metres of total net pay, is an excellent outcome for the Teak-1 well and a great start to our 2011 multi-well exploration campaign in the West Cape Three Points licence. The significant potential of this discovery, up-dip of Jubilee, will be appraised during 2011 and 2012 once the current drill-out campaign has been completed.”

By: Stockopedia




Download The Free Oilprice App Today

Back to homepage



Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play