Tweneboa-2 discovers significant oil and gas- condensate field...

Tweneboa-2 discovers significant oil and gas-
condensate field

21 January 2010 Tullow Oil plc (Tullow) announces that the
Tweneboa-2 exploratory appraisal well, being drilled some 6 km
southeast of the Tweneboa-1 discovery, has intersected a significant
combined hydrocarbon column. Results of drilling, wireline logs and
samples of reservoir fluids establish that Tweneboa is a major oil and
gas-condensate field.
The well has encountered a gross reservoir interval of 153 metres
containing 32 metres of net hydrocarbon pay in stacked reservoir
sandstones, comprising a 17 metre oil bearing zone below a 15 metre gas-
condensate bearing zone.
A combined hydrocarbon column of at least 350 metres has been
established between the lowest known oil in Tweneboa-2 and the top of
the gas-condensate at Tweneboa-1, demonstrating this is a highly
prospective and extensive turbidite fan system that will be evaluated with
additional drilling.
Following completion of logging operations the well will be deepened to
test further exploration potential beneath the Tweneboa field. The well
will then be suspended for future use in appraisal and development.
The Atwood Hunter semi-submersible drilled Tweneboa-2 in the
Deepwater Tano block to an interim depth of 3,860 metres in water
depths of 1,321 metres. On completion of operations on Tweneboa-2, the
rig will move to drill the Dahoma-1 exploration well in the West Cape
Three Points block east of the Jubilee field.
Tullow (49.95%) operates the Deepwater Tano licence and is partnered
by Kosmos Energy (18%), Anadarko Petroleum (18%), Sabre Oil & Gas
(4.05%) and the Ghana National Petroleum Corporation (GNPC) (10%
carried interest).
Commenting today, Angus McCoss, Exploration Director,
said:Tweneboa-2 was a bold step-out which has successfully proven the
significant extent of a major new oil and gas-condensate field offshore
Ghana. Such an achievement provides a very good start to our exciting
2010 Equatorial Atlantic campaign. We look forward to further
appraising this discovery later in the year.

"Midas touch"
TLW more than makes up for a few mistakes on my investment horizon :}

Good Luck
SharpE