LONDON (Thomson Financial) - Anadarko Petroleum Corp. said testing of the
Mahogany-2 drill stem in the Jubilee field offshore Ghana confirmed the
consortium's updated estimated gross recoverable resources of between 500
million and 1.8 billion barrels of oil.
The well flowed at a test rate of 5,200 barrels per day of 36-degree API
gravity crude oil and approximately 5.5 million cubic feet per day of associated
natural gas from a single zone, the company said.
Anadarko holds a 30.875 percent interest in the West Cape Three Points
Block. Kosmos Energy is the block operator and holds a 30.875 percent interest.
Other partners include Tullow Ghana Limited, an affiliate of
Tullow Oil PLC, with a 22.896 percent interest and Sabre Oil & Gas with a 1.854
percent interest in the block.
The E.O. Group, a Ghanaian oil and gas company, holds 3.5 percent, while the
Ghana National Petroleum Corporation will be carried through the exploration and
development phases with a 10 percent participating interest.
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