Tullow 2011 programme off to "great start"

10th Feb 2011 07:03

Oil firm Tullow Oil has discovered oil and gas in its Teak-1 exploration well in the West Cape Three Points licence offshore Ghana.The well contains around 73 metres of net hydrocarbons in two Campanian and three Turonian-aged reservoirs. In the shallower Campanian-aged reservoirs, the well intersected 6 metres of oil pay in the upper zone and 33 metres of gas pay with an underlying 15 metre 40 degree API (American Petroleum Institute) 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 5 metres of 32 degree API oil pay in a deeper level.On completion of the well the Atwood Hunter 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."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," said Angus McCoss, exploration director at Tullow.Tullow has a 22.9% interest in the West Cape Three Points licence.