Tullow finds oil at wells in Ghana and Uganda
GLOBAL oil and gas exploration company Tullow Oil said yesterday it had made an “encouraging” first step in drilling after it found oil at the Banda-1 exploration well in the West Cape Three Points (WCTP) licence offshore Ghana.
The company said the WCTP well has encountered Ceonmanian turbidites over a gross vertical interval of 300m containing over 100m of low porosity sandstone and 3m of approximately 40 degree API oil pay, broadly in line with expectations.
Tullow said after completing the operations, the well will be suspended for potential future use and the rig will move to complete drilling of Makore-1, which is targeting reservoirs in the south of the field.
In Uganda the onshore Jobi-East-1 and Mpyo-3 wells in exploration area 1 have also both successfully found oil, in line with expectations, and with an accelerated drilling campaign planned for the second half of 2011 to assess the full extent of the new oil accumulation.