Offshore staff
LONDON -- Tullow Oil has outlined its drilling program for Ghana.
In June, the company drilled the Mahogany-1 well on the West Cape Three Points block in the deepwater Tano basin, followed by the Hyedua-1 well on the adjacent Deepwater Tano block. Proven recoverable resources from the field are estimated at 170 MMbbl, while the ultimate upside potential is estimated to be in excess of 1 Bbbl.
Up to five appraisal wells are planned on the field in 2008 using two rigs. The company hopes to increase the proven resource base of the field and collect additional geological and engineering data to support development planning and activities. The first exploratory appraisal well, Mahogany-2, began in March.
Tullow has been designated as the field operator, with the support of the Government of Ghana. A phased development is planned with a first oil target of 2010. Screening studies indicate that the most suitable development scheme will involve an FPSO suited to fast-track development.
Tullow also plans to drill further exploration wells in the vicinity of its Jubilee discovery. The first well was drilled in February 2008 on the Odum prospect in the West Cape Three Points block. Further high-impact prospects have been identified in the deepwater region and at least two of these, Teak and Tweneboa, are expected to be drilled within the next 12 months. Each of these prospects have upside potential in excess of 0.5 Bbbl.
In addition to the deepwater program, Tullow is planning to drill its second well on the shallow water Tano license during 2008. The first well, drilled in September 2007, was unsuccessful and was plugged and abandoned. The second well, which will be drilled on the Ebony prospect, will target a geological play similar to the Odum discovery.
03/12/2008
