Ghanaian Chronicle (Accra)

Ghana: Offshore Well Shows 'High Productivity'

By Daniel Nonor, 14 January 2009

Explorer Tullow Oil has said its Hyedua-2 well offshore Ghana flowed at a rate of 16,750 barrels of crude a day, confirming "good reservoir connectivity and very high productivity".

Tests have indicated "that future production well deliverability will be in excess" of 20,000 barrels of oil a day, the company said in a statement.

The Hyedua-2 appraisal well, which lies in the Deepwater Tano license, was drilled to appraise the Jubilee field, the company said.

Tullow plans to invest about $3.2 billion to develop Jubilee and produce the first oil there in 2010. Tullow is targeting about 4 billion barrels of oil and gas resources in the Gulf of Guinea off Ghana and Ivory Coast.

Kosmos Energy LLC, Ghana National Petroleum and Anadarko Petroleum also hold stakes in the project. Source: Bloomberg

Tagged: Business, Ghana, Petroleum, West Africa

Copyright © 2009 Ghanaian Chronicle. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica aggregates and indexes content from over 130 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.

Comments Post a comment