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 Kosmos’ 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.
“We 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.
“We are eager to establish more oil prospects in offshore Equatorial Guinea,” said H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons. “This is good for more jobs and opportunities for our citizens and investors,” 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
-
Ghana Mineworkers Union demand suspension of contract mining directive, threaten industrial action
22 minutes -
ADB Ghana Medicals constructing and equipping new Cardiothoracic Centre at Komfo Anokye
30 minutes -
AFREIKH Summer School challenges Africa to harness critical minerals
39 minutes -
Government plans 2,000-acre pharmaceutical innovation park in Osudoku to boost local drug production
41 minutes -
Partey undergoes medical ahead of Al Shabab move in Saudi Arabia
43 minutes -
Today’s front pages: Friday, August 21, 2026
1 hour -
Power outages could drive up cost of digital services — NITA
1 hour -
Patients face basic sanitation gaps in West African health facilities — WHO / UNICEF
1 hour -
Competence has no age; let’s stop punishing new businesses
1 hour -
JoyNews Republic Bank Habitat Fair 2026 opens today at Achimota Mall
1 hour -
What Is Wrong With Us: The roads that keep counting our dead
2 hours -
MTN condemns recent xenophobic attacks on Ghanaians in South Africa
2 hours -
Philip Nai: What happens at your front desk can make or break your brand
2 hours -
Ghana’s mining deaths fall sharply, but Chamber insists ‘three deaths are too many’
3 hours -
Tatale Sanguli officials destroy expired food products, warn traders
3 hours