Tullow Oil Makes New Ghanian Oil Discovery

7 June 2011 (Last Updated June 7th, 2011 18:30)

Tullow Oil has made a new oil discovery in the Banda-1 exploration well in the West Cape Three Points licence, offshore Ghana. The Banda-1 well is situated 9.6km south-east of the Odum discovery in the eastern part of the West Cape Three Points licence. The well encountered

Tullow Oil has made a new oil discovery in the Banda-1 exploration well in the West Cape Three Points licence, offshore Ghana.

The Banda-1 well is situated 9.6km south-east of the Odum discovery in the eastern part of the West Cape Three Points licence.

The well encountered Cenomanian turbidites over a gross vertical interval of 300m, which contains over 100m of low porosity sandstone and 3m of 40° API oil pay.

The Atwood Hunter rig was used to drill the well 4,580m deep in water depths of 921m.

After the completion of operations, the well will be suspended for future use and the rig will move to complete the drilling of the Makore-1 well.

The Makore well is targeting Turonian-age reservoirs in the south of the West Cape Three Points licence. The upper section of this well was drilled by the Eirik Raude rig during April.

Tullow owns a 22.89% interest in the West Cape Three Points licence while its partners Kosmos Energy and Anadarko Petroleum each own a 30.8% interest, EOGroup holds a 3.5% share, Sabre Oil & Gas 1.85% and the Ghana National Petroleum a 10% carried interest.