• 2 minutes Oil prices going down
  • 11 minutes China & India in talks to form anti-OPEC
  • 16 minutes When will oil demand start declining due to EVs?
  • 2 hours Oil prices going down
  • 7 hours We Need A Lasting Solution To The Lies Told By Big Oil and API
  • 8 hours Another WTH? Example of Cheap Renewables
  • 3 days Bullish and bearish outlook for oil
  • 1 day Trump Hits China With Tariffs On $50 Billion Of Goods
  • 2 days Rolls Royce shedding 4,600 jobs
  • 4 hours What If Canada Had Wind and Not Oilsands?
  • 2 days When will oil demand start declining due to EVs?
  • 7 hours The Wonderful U.S. Oil Trade Deficit with Canada
  • 2 days Russia's Rosneft 'Comfortable' With $70-$80 Oil Ahead of OPEC Talks
  • 3 days After Trump-KJU, Trump-Putin Summit
  • 14 mins China & India in talks to form anti-OPEC
  • 3 days U.S. Cars Will No Longer Need 55mpg Fuel Efficiency By 2025.
  • 6 hours The Permian Mystery
  • 19 mins No LNG Pipelines? Let the Trucks Roll In
  • 3 days Epic Fail as Solar Crashes and Wind Refuses to Blow
Global Energy Advisory - June 15th 2018

Global Energy Advisory - June 15th 2018

Oil markets are on edge…

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