• 3 minutes Nucelar Deal Is Dead? Iran Distances Itself Further From ND, Alarming Russia And France
  • 5 minutes Don Jr. Tweets name Ukraine Whistleblower, Eric Ciaramella. Worked for CIA during Obama Administration, Hold over to Trump National Security Counsel under Gen McCallister, more . . . .
  • 9 minutes Shale pioneer Chesepeak will file bankruptcy soon. FINALLY ! The consolidation begins
  • 12 minutes China's Blueprint For Global Power
  • 15 mins The lies and follies of the "cry wolf" enviros: No more fire in the kitchen: Cities are banning natural gas in homes to save the planet
  • 8 hours Iran Finds New Oil Field With Over 50 Billion Barrels: Rouhani
  • 6 mins China's Renewables Boom Hits the Wall
  • 12 hours China Burns More Coal than the Rest of the World !
  • 7 hours Offshore SE Asia: Offshore OFS Could Get Major Boost in SE Asia
  • 8 hours CHK Trading @ 90 Cents
  • 11 hours Does Brazil Auction Flop Forbode the Outcome of the Saudi Aramco IPO ?
  • 13 hours New York State Taxpayers Lose 900 Million to Tesla
  • 11 hours "Climate Migrants"
  • 18 hours Giant Windmills Wildly Unpopular
  • 11 mins Judge Orders Trump To Release Tax Returns
The Most Important Data Point In U.S. Oil Markets

The Most Important Data Point In U.S. Oil Markets

Oil markets are always awash…

Brazil’s Overhyped Oil Auction Ends In Failure

Brazil’s Overhyped Oil Auction Ends In Failure

Brazil’s much-hyped oil auction has…

Oil Discovery off French Guiana Mirrors Ghana’s Jubilee field

Tullow Oil has announced its Zaedyus exploration well off the coast of French Guiana has struck oil.

Tullow Oil said that its objective in drilling the Zaedyus well, which encountered 240 feet of net oil pay in two turbidite fans, was to test whether its productive Jubilee field off the coast of Ghana in West Africa was mirrored on the other side of the Atlantic.

A Tullow Oil press release said, “This discovery therefore opens a new hydrocarbon basin within which several neighboring prospects have been mapped.”

An appraisal of the Zaedyus well test results are underway, after which Tullow Oil will decide whether to proceed with follow-up exploration activities.

Tullow Oil Exploration Director Angus McCoss said, “The discovery at Zaedyus has proved the extension of the Jubilee-play across the Atlantic and made an important new discovery in French Guiana. Tullow has built a commanding and unique acreage position in South America and this result marks the start of a significant and potentially transformational long-term exploration and appraisal campaign in the region.”

Tullow Oil, with a 27.5 percent share, operates the Guyane Maritime license, along with partners Shell with 45 percent, Total, which has 25 percent of the concession and Northpet, with 2.5 percent.

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | 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