- Test drilling on the Ghana offshore wells are positive, validating that oil production will be running in full scale by 2010.
The tests, which were carried out at the West Cape, Mahogany 2 well, produced results that were beyond expectations of Tullow Oil plc, exploration company behind Ghana's new wealth find.
"These excellent well test results are in line with our expectations, confirming the high quality reservoir characteristics and supporting our view that completed Jubilee production wells should be capable of flowing at rates in excess of 20,000 bpd. These results support the decision by the Jubilee partnership to progress with a fast track appraisal and development programme targeting first oil in 2010," Mr Aidan Heavey, Chief Executive of Tullow commented today.
According to potential results released by the company today, the Mahogany 2 well, with test drill at just about 3,443 metres depth, flowed at a test rate of 5,200 barrels per day of gravity crude oil as well as approximately 5.3 million cubic feet per day of associated natural gas.
The said favourable results, according to the company, confirm that Ghana reservoirs are highly productive and validates the geological and reservoir model. Oil samples will now be acquired to conduct comprehensive refinery assays before the well is suspended as a potential development well and the rig released.
Tullow is a leading independent oil & gas, exploration and production group, with interests in over 100 exploration and production licences across 23 countries in Europe, Africa, South Asia and South America.
In Africa, Tullow has exploration and production in Gabon, Cote d'Ivoire, Mauritania and Equatorial Guinea and two large appraisal and development programmes in Ghana and Uganda. Tullow also has exploration interests in Mauritania, Senegal, Congo (DRC), Tanzania, Madagascar, Namibia and Angola.
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