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Tullow Oil plc is a leading independent oil and gas, exploration and production group and is quoted on the London and Irish Stock Exchanges. The Group has interests in over 90 production and exploration licences in 22 countries and focuses on four core areas: Africa, Europe, South Asia and South America.
Tullow Oil says Mahogany-3 well offshore Ghana finds significant oil columns
Tullow Oil PLC said the Mahogany-3 well in the West Cape Three Points licence offshore Ghana has intersected significant light oil columns in both the Jubilee field appraisal objective and a deeper exploration target. In total, 33 metres of net pay have been penetrated.
The primary objective of Mahogany-3 was to appraise the Jubilee field reservoir section away from the strong seismic amplitudes which have been the main targets to date.
Results of drilling, wireline logs and samples of reservoir fluid indicate that 16 metres of high quality stacked oil bearing sandstones have been encountered. This confirms a significant extension of the Jubilee field to the southeast.
The secondary objective of the well was to drill Mahogany Deep, an exploration target which has been identified on 3D seismic but lies at a previously untested level. In this section, the well encountered 17 metres of good quality oil bearing reservoir sandstones. This success opens up further potential in the region and is the subject of ongoing evaluation.
Following the conclusion of activities on Mahogany-3, the rig will move to the Tweneboa-1 exploration well location in the Deepwater Tano block. Drilling activities are expected to commence before the end of January.
Tullow has a 22.9 percent interest in the West Cape Three Points licence. Other partners include operator Kosmos Energy with 30.875 percent and Anadarko Petroleum with 30.875 percent.
