Filter news

57330 articles online
Opinion & Comm.
Keyword

All words
Any words

Added
 

Article Tools

 

Tullow Oil provides Ghana update

Tuesday, February 12, 2013
  • In November 2012, the Company submitted a declaration of commerciality and plan of development ("PoD") over the Tweneboa, Enyenra, Ntomme ("TEN") discoveries on the Deepwater Tano Block offshore Ghana ("DT Block").
  • The Sapele-1 exploration well on the DT Block was spud in December 2012.

Tullow Oil plc notes three disclosures related to its Ghana operations made by Kosmos Energy ("Kosmos") in association with a secondary offering for Kosmos shares. Tullow will provide further updates in its 2012 financial results statement due to be issued on 13 February 2013.

Kosmos disclosures

"In November 2012, the Company submitted a declaration of commerciality and plan of development ("PoD") over the Tweneboa, Enyenra, Ntomme ("TEN") discoveries on the Deepwater Tano Block offshore Ghana ("DT Block"). The PoD for TEN plans for a flexible and expandable development, with an initial base capacity of 80,000 barrels of oil per day. The final development concept is subject to approval from the government of Ghana."

"The Sapele-1 exploration well on the DT Block was spud in December 2012. The well, which is targeting multiple Turonian-aged reservoirs, is being drilled in a water depth of approximately 1,840 meters. Drilling at the well has reached a depth of approximately 3,900 meters. The primary target encountered a high-quality water-bearing reservoir. Drilling operations at Sapele-1 are continuing to additional reservoir intervals, with total depth for the well planned to be approximately 4,100 meters. The well is expected to reach its total depth in the first quarter of 2013."

"In January 2013, the Company relinquished the discovery area associated with the Banda discovery on the West Cape Three Points ("WCTP") Block, as the Company does not consider this discovery to be commercially viable following additional seismic evaluation and interpretation."

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

Related Companies

Related News

Join 70,000 other oil and gas professionals

Network with others, build your profile, and receive the latest oil and gas news in your inbox. It's free!

Your details are never shared or sold. We hate spam too.

Key Supporters


 

» More Jobs       » Upload a free Job       » Upload your CV

More Europe Jobs

More Global Jobs

Opinion & Commentary

  • What ails the North Sea?
    There is a need to act before the North Sea ‘fails’ economically Despite continuing high oil prices, the mature UKCS and NOCS producing provinces continue to b ...
  • Oil and cash flow: the Kurds' conundrum
    Some ten days ago, the Kurdistan Regional Government (KRG) were reported to have sent Peshmerga units into the Bai Hassan and Kirkuk oil fields - formerly under ...

» More Opinion & Commentary         » Write for us             RSS RSS

OilVoice Magazine
Oil Echo
Oil Earth

Opinions & Commentary

Tech Talk - Changes in global supply and demand

by David Summers

Read More »