British oil producer operating in Ghana, Tullow Oil says it has found more oil at its Teak-2 exploration well offshore Ghana.
The company says the Teak-2 exploration well in the West Cape Three Points licence offshore Ghana has discovered 27 metres of net hydrocarbon bearing Campanian and Turonian reservoirs.
In a press release issued Monday March 28, 2011, and copied to ghanabusinessnews.com, it says the well was targeting an undrilled fault block between the Jubilee field and the Teak-1 discovery, located 1.8 km southwest of the recent Teak-1 well and 3.5 km northeast of the Mahogany-2 well.
Results of drilling, wireline logs and samples of reservoir fluids, it says confirm that the well has intersected five intervals containing high quality oil, gas and gas-condensate.
Tullow Oil’s Exploration Director, Angus McCoss was quoted as saying, “The discovery of hydrocarbons at the Teak-2 location is a very good result, providing important data for the future development of the Jubilee field. The well demonstrated that the Teak-2 discovery is not part of the Teak-1 discovery but is potentially a Jubilee field gas cap.”
Six metres of net oil and gas pay were encountered at the top of good quality Campanian reservoirs, over 100 metres thick, Tullow added.
Tullow Oil is the major stakeholder in Ghana’s largest oil field, the Jubilee field. Commercial oil production at the field began on December 15, 2010.
By Emmanuel K. Dogbevi