More Oil Discovered in Ghana

Dai Jones Tullow Oil Plc on Monday announced that it has made an oil find at the Hyedua-2 Well off the coast of Western region.

The well which is drilled to appraise the Jubilee Field is expected to produce approximately 17, 000 barrels of oil daily.

This new discovery is different from the one discovered by Kosmos Energy recently.

The General Manager of Tullow Oil Ghana, Dai Jones, told the media in Accra yesterday that a three- flow test conducted revealed that future production from the Hyedua-2 well would be in excess of 20,000 barrels per day.

The Hyedua-2 appraise well, which lies in the Deepwater Tano licence, has been drilled to a total depth of 3,663 metres by Blackford rig.  The well intersected 55 metres of high quality oil bearing reservoir sandstones of which a 41-metre section has been production tested.  

Mr Jones said the combination of outstanding reservoir productivity and continuity is very encouraging for phase one of the Jubilee development which remains on schedule for first oil production in the second half of 2010.

“The Hyedua-2 well will now be suspended, as planned, for later completion as a production well,” The General Manager of Tullow Oil Ghana has stated.

Contributing, the Chief Executive of Tullow Oil Plc, Aidan Heavy, noted that “results from Hyedua-2 and Mahogany-3 wells have confirmed our view of substantial upside potential of the Jubilee field”.

He said the subsequent discovery of 17,000 barrel of high quality crude from Hyedua-2 well, which is not even in the centre of the Jubilee field, was an outstanding success and indicative of a world-class reservoir. Tullow Oil Plc said it had so far spent about $60 million on drilling oil in Ghana.

Tullow, a leading oil and gas exploration company, was the second company after Kosmos to have discovered oil in commercial quantities in Ghana in 2007.

By Felix Dela Klutse