Louisiana Light • 3 days | 87.12 | +0.03 | +0.03% | |||
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | |||
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% | |||
Mars US • 173 days | 77.26 | -1.51 | -1.92% | |||
Gasoline • 11 mins | 2.742 | +0.007 | +0.26% |
Bonny Light • 1 day | 89.32 | +0.45 | +0.51% | |||
Girassol • 1 day | 89.90 | +0.45 | +0.50% | |||
Opec Basket • 3 days | 86.51 | -1.01 | -1.15% |
Peace Sour • 3 hours | 76.01 | -0.55 | -0.72% | |||
Light Sour Blend • 3 hours | 79.06 | -0.55 | -0.69% | |||
Syncrude Sweet Premium • 3 hours | 86.01 | -0.55 | -0.64% | |||
Central Alberta • 3 hours | 76.41 | -0.55 | -0.71% |
Eagle Ford • 3 days | 79.33 | -0.29 | -0.36% | |||
Oklahoma Sweet • 6 days | 79.75 | +0.50 | +0.63% | |||
Kansas Common • 2 days | 73.50 | +0.50 | +0.68% | |||
Buena Vista • 3 days | 87.02 | -0.29 | -0.33% |
In a recent interview, Peter…
Researchers at the University of…
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, âThis discovery therefore opens a new hydrocarbon basin within which several neighboring prospects have been mapped.â
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, âThe 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.â
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
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Merchant of Record: A Media Solutions trading as Oilprice.com