Audio By Carbonatix
The Equatorial Guinean government represented by the Ministry of Mines and Hydrocarbons has announced that Kosmos Energy has made an oil discovery in offshore Equatorial Guinea.
The S-5 well was drilled at a total depth of 4,400 meters and encountered 39 meters of net oil play in the Santonian reservoir, in the offshore Rio Muni Basin.
The discovery was the first well drilled in Kosmosâ infrastructure-led exploration (ILX) in offshore Equatorial Guinea.
The drilling of the S-5 well was accelerated following exciting 3D seismic acquired in 2018. Partners in the S-5 well include GEPetrol (20%), Trident Energy (40%) and Kosmos (40%).
Kosmos Energy has operated in Equatorial Guinea since 2018. Further evaluation work is ongoing to establish the full extent of the discovered resource and determine a schedule of the development phase.
âWe are very excited about the results of the S-5 well, the first well drilled in this ongoing exploration campaign. The discovery is a strong validation of our strategy to replace oil reserves by exploring the highly prospective oil basins like Rio Muni.
âWe are eager to establish more oil prospects in offshore Equatorial Guinea,â said H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons. âThis is good for more jobs and opportunities for our citizens and investors,â he added.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Trump ‘does not care’ if Iran play at World Cup
3 hours -
Burna Boyâs associate, Rahman Jago confirms singer converted to Islam
3 hours -
Amazon says drones damaged three facilities in UAE and Bahrain
3 hours -
NDC’s Baba Jamal wins Ayawaso East by-election
3 hours -
Integrity over individuals: Economic Fighters League maintains vote-buying stance in Ayawaso East
3 hours -
How to follow European football
4 hours -
A new dawn: Formula One charges into an unpredictable 2026
4 hours -
Trump threatens to halt trade with Spain over military base access
4 hours -
Trump says US Navy will protect ships in Middle East ‘if necessary’
4 hours -
Ghana shines in GSMA DNSI and DPRI 2025 report due to E-Levy repeal and tech neutrality
5 hours -
NJA College of Education inducts 379 students amidst infrastructure gains and calls for professional discipline
5 hours -
GJA President, executives join Sammy Gyamfi to observe One-Week memorial of father-in-law
6 hours -
FDA bans mixed alcoholic energy drinks: VAST-Ghana demands ‘Name and Shame’ list for public safety
6 hours -
Police probe deaths of teacher and farmer in Assin Fosu
6 hours -
Gov’t reaffirms commitment to safeguard Ghanaâs energy supply amid Middle East crisis
6 hours
