The Banda NW appraisal well in PSC B, offshore Mauritania, reached target depth on April 12th encountering gas sands. The well was sidetracked into PSC A reaching target depth of 2727m on April 24th. Oil and gas intervals were encountered as predicted and similar to those seen in the discovery well Banda-1 approximately 2 kilometres to the east. Results of the wireline logging indicate that the sidetrack well intersected an 85 metre (gross) gas column and a 15 metre (gross) oil column.
The well has been suspended and the Atwood Hunter rig will now move to the Chinguetti field for planned well intervention work.
Participating Interests in the PSC Area A Joint Venture are:
Fusion / Premier Oil Companies: 4.615%
PC Mauritania I Pty Ltd (Operator): 53.846%
Tullow Oil plc: 24.300%
Mauritania Holdings B.V.: 13.084%
ROC Group Companies: 4.155%
Participating Interests in the PSC Area B Joint Venture are:
Premier Oil Mauritania B Limited: 9.231%
PC Mauritania I Pty Ltd (Operator): 53.846%
Tullow Oil plc: 21.600%
Mauritania Holdings B.V.: 11.630%
ROC Group Companies: 3.693%