Wednesday, March 16, 2011

Tullow finds more oil in Enyenra-2A well in Ghana

Tullow Oil has announced yet another oil discovery in Ghana, Thursday March 3, 2011.

In a press release copied to ghanabusinessnews.com, Tullow Oil which holds the largest share in Ghana’s oil industry says the Enyenra-2A appraisal well, in the Deepwater Tano licence offshore Ghana, has successfully encountered oil in excellent quality sandstone reservoirs.

“Good evidence of communication with Owo-1 confirms that the Owo oil discovery, now renamed Enyenra, is a major light oil field,” Tullow adds.

According to Tullow, the well which is located over seven kilometres south and down-dip of Owo-1, was drilled to appraise the Upper and Lower Channels of the Enyenra oil field. Results of drilling, wireline logs, samples of reservoir fluids and pressure data show that Enyenra-2A has intersected 21 metres of net oil pay in the Upper Channel and 11 metres of net oil pay in the Lower Channel.

Tullow indicates that pressure data from the Upper Channel has also demonstrated that the oil is in communication with the Owo-1 well. Oil pressures in the Lower Channel suggest it may also be in communication with the deeper pools seen in Owo-1 and its sidetrack, the company said.

The Exploration Director of Tullow Oil, Angus McCoss, was quoted as saying, “The discovery of oil this far down-dip in

Enyenra-2A, and the confirmation of its communication with the Owo-1 oil discovery, is an exceptional result. This represents a major step forward in the appraisal of the Enyenra-Tweneboa area and is highly encouraging for our target to declare commerciality later this year.”

Tullow Oil began commercial production of oil in Ghana on December 15, 2010.

The country’s Parliament, Wednesday March 2, 2011 passed the Petroleum Revenue Management Bill which would regulate the oil industry in Ghana.

Source: ghanabusinessnews.com

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