BRITISH oil firm Tullow Oil said a well drilled off the coast of Ghana confirmed an extension to its Enyenra oil field, bringing it closer to commercialisation of another oil field in the West African country.
Tullow said yesterday that the Enyenra-3A appraisal well found oil in a column of 17m with data indicating that the oil was part of the same field as two wells drilled 6.5km and 14km away.
“This excellent result demonstrates that we are close to declaring the Enyenra and Tweneboa development commercial,” said exploration director Angus McCoss in a statement.
Tullow and its partners in Ghana, including Kosmos, helped transform the country into an oil producer last December when they put the massive Jubilee oil field onstream.
Earlier this week, Uganda said it wanted Tullow Oil, France’s Total and Chinese group CNOOC to drop a clause shielding them from changes in policy before it would approve a $10bn oil project. Tullow has been waiting since last year to finalise the agreement and start the project.
City A.M. Reporter