Tullow Oil Confirms Major Oil Discovery Offshore Ghana
By Stock Market Wire
Posted on Sep. 13, 2010
From Stock Market Wire
Tullow Oil announced today that its Deepwater Tano licence offshore Ghana has significantly extended the column of high quality light oil discovered by its Owo-1 well, confirming that Owo is a major new oil field.
The Owo-1 well encountered 53 metres of net oil pay and the sidetrack, drilled 0.6 km east of the Owo discovery well, encountered an additional 16 metres of net oil pay in the lower part of the same channel system. Pressure data indicates that this oil pay is in communication with the reservoirs penetrated in the Owo-1 well and confirms at least 69 metres of total net oil pay in a substantial gross oil column of 200 metres.
Beneath the Owo oil field, 13 metres of net condensate pay was also discovered, with an additional 6 metres of net gas pay logged in the deepest sand encountered. No water was encountered in any of the hydrocarbon bearing reservoirs in either well
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