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Oil and Gas Energy News Update

Wednesday, April 13, 2011

Tullow IDs Gas Finds at Tano License

Tullow IDs Gas Finds at Tano License

Wednesday, April 13, 2011
Tullow Oil plc

The Tweneboa-4 appraisal well in the Deepwater Tano license offshore Ghana has successfully encountered gas condensate in good quality sandstone reservoirs. Results of drilling, wireline logs and samples of reservoir fluids have confirmed the western extent of the Tweneboa gas condensate accumulation.

The well, located 3.9 kilometres southwest of the Tweneboa-2 appraisal well was drilled in the western flank of the accumulation to complete the appraisal of the Tweneboa gas-condensate discovery. The well encountered 18 meters of net gas condensate pay in high quality stacked reservoir sandstones which are in static pressure communication with both the Tweneboa-1 and Tweneboa-2 wells.

The Deepwater Millennium dynamically positioned drillship drilled Tweneboa-4 to a total depth of 4,007 meters in water depths of 1,436 meters. On completion of operations, the well will be suspended for future use in field appraisal and development. The rig will then move to perform drill stem tests on the Tweneboa-2 oil and gas-condensate accumulations.

Tullow (49.95%) operates the Deepwater Tano license and is partnered by Kosmos Energy Ghana (18%), Anadarko Petroleum (18%), Sabre Oil & Gas (4.05%) and the Ghana National Petroleum Corporation (GNPC) (10% carried interest).

Uganda exploration and appraisal campaign commences

Following the signing of the SPAs for the farmdown to CNOOC and Total on March 29, 2011, the exploration and appraisal program has been reactivated and two wells are expected to commence drilling in Exploration Area 1 (EA 1) within the next two weeks. The OGEC 600 rig is preparing to spud the high-impact Jobi-East prospect and the OGEC 750 rig is getting ready to drill the first Mpyo exploratory appraisal well to test its upside potential. These wells are the start of a major program of exploration and appraisal drilling, seismic acquisition, and well testing to access the significant remaining upside potential in the basin and further expand the resource base for development.

Commenting, Angus McCoss, Exploration Director, said, "Tweneboa-4 is an important milestone as it is the final well to be drilled in the Tweneboa appraisal program. The upcoming program of well testing in the Tweneboa field, along with drilling and well testing in the Enyenra field, will provide essential information on well deliverability, dynamic reservoir connectivity and hydrocarbon volumes, which will be used to optimize our development plans for these major fields. We are also delighted to be starting drilling activities again in EA 1 in Uganda and are now gearing up for a five-rig drill-out campaign in the second half of the year."

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