RNS Number : 7405Y
Tullow Oil PLC
10 July 2008
Positive second reservoir test from Mahogany-2 well, offshore Ghana
10 July 2008 - Tullow Oil plc ("Tullow") is pleased to announce results of a second
successful flow test on the Mahogany-2 appraisal
well, which is part of the Jubilee field offshore Ghana.
In June this year the Lower Mahogany reservoir was successfully tested over a 17-metre
interval. Following completion of this test,
partners took the decision to perform a second flow test - this time on the Upper Mahogany
reservoir.
This latest test was conducted over a 23-metre perforated interval, representing
approximately 40% of the oil-bearing pay of the Upper
Mahogany reservoir. The interval flowed at a rate of 4,448 bopd of 39*API oil and
approximately 5.1 mmscfd of associated natural gas on a
36/64-inch choke.
In both tests, the reported flow rates were restricted by both equipment and facilities.These test results have provided important
additional reservoir data in respect of this previously untested interval and confirm that
Jubilee production wells should be capable of
flowing at rates in excess of 20,000 bopd when completed with 5 ½-inch tubing.
Commenting today, Aidan Heavey, Chief Executive, said:
"The result of the second test on Mahogany-2 continues to demonstrate the high quality of
the Jubilee field and supports the partners'
fast track development approach. Allied to encouraging progress on development planning,
facilities tendering and gas commercialisation this
latest result means that plans to sanction the development of the Jubilee field later in 2008
remain firmly on schedule."
FOR FURTHER INFORMATION CONTACT:
Tullow Oil plc Citigate Dewe Rogerson Murray Consultants
(+44 20 8996 (+44 207 638 9571) (+353 1 498 0300)
1000) Martin Jackson Joe Murray
Aidan Heavey George Cazenove Ed Micheau
Tom Hickey
Chris Perry
Notes to Editors
Tullow is a leading independent oil & gas, exploration and production group, quoted on the
London and Irish Stock Exchanges (symbol:
TLW) and is a constituent of the FTSE 100 Index. The Group has interests in over 100
exploration and production licences across 23 countries
and focuses on four core areas: Europe, Africa, South Asia and South America.
Tullow's European interests are primarily focused on gas in the UK Southern North Sea
where it has significant interests in the
Caister-Murdoch System and the Thames-Hewett areas and operates over 70% of its production.The company also has interests offshore the
Netherlands and Portugal.
In Africa, Tullow has exploration and production in Gabon, C 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.
In South Asia, Tullow has exploration and production in Pakistan and Bangladesh and high
impact exploration activities in India.
In South America Tullow has high impact exploration interests in Trinidad and Tobago,
French Guiana and Suriname.
For further information please refer to our website at www.tullowoil.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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