LONDON--Oil and gas company Tullow Oil PLC (TLW.LN) Wednesday
announced that the Wawa-1 exploration well in the Deepwater Tano
license offshore Ghana has intersected oil and gas-condensate in a
Turonian turbidite channel system.
MAIN FACTS:
-Well encountered 20 meters of gas-condensate pay and 13 meters
of oil pay in turbidite sands.
-Samples show the oil to be good quality between 38 degrees and
44 degrees API.
-Well was drilled 10 kilometers north of the Enyenra-3A well,
testing the previously undrilled, updip portion of the license.
-Well will now be suspended for possible future use in appraisal
and development operations.
-Atwood Hunter semi submersible rig drilled the Wawa-1 well to a
final depth of 3,322 meters in water depths of 587 meters.
-Looks forward to the drilling of Okure and Sapele in the second
half of 2012.
-Tullow (49.95%) operates the Deepwater Tano license and is
partnered by Kosmos Energy (KOS) (18.00%), Anadarko Petroleum (APC)
(18.00%), Sabre (SBR.AU) (4.05%) and Ghana National Petroleum
Corporation (GNPC) (10% carried interest).
-Shares of Tullow on Tuesday closed at 1382 pence.
-Write to Tapan Panchal at tapan.panchal@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires