Audio By Carbonatix
Explorer Tullow Oil said today its Hyedua-2 well offshore Ghana flowed at a rate of 16,750 barrels of crude a day, confirming “good reservoir connectivity and very high productivity”.
Tests have indicated “that future production well deliverability will be in excess” of 20,000 barrels of oil a day, the company said in a statement.
The Hyedua-2 appraisal well, which lies in the Deepwater Tano license, was drilled to appraise the Jubilee field, the company said.
Tullow plans to invest about $3.2 billion to develop Jubilee and produce the first oil there in 2010.
Tullow is targeting about 4 billion barrels of oil and gas resources in the Gulf of Guinea off Ghana and Ivory Coast.
Kosmos Energy LLC, Ghana National Petroleum and Anadarko Petroleum also hold stakes in the project.
Source: Bloomberg
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.
Tags:
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
-
Domelevo backs OSP probe into GH¢70k allegation
28 minutes -
CAF Confederation Cup: Dennis Korsah confident Nations FC can overturn Mali defeat
44 minutes -
‘Avoid political comments’ – Domelevo advises Chief Justice
1 hour -
‘I don’t trust OSP’ to probe GH¢70k ‘bribe’ allegation – Kwasi Kwarteng
2 hours -
Road inspections not to witch-hunt contractors – Kwame Agbodza
2 hours -
Inter Milan mount stunning comeback to beat Napoli
2 hours -
Modric plans to play for Croatia past 41st birthday
2 hours -
Bayern fail to score for first time in 59 games
2 hours -
Bawumia preparing new cocoa policy package for farmers – Annoh-Dompreh
3 hours -
Wa-Tumu-Bolga road upgrade will unlock agriculture, trade – Agbodza
3 hours -
Ghana Maritime Authority readies oil-spill response vessel for deployment
3 hours -
Ayariga turns to drones, AI to tackle Agbogbloshie waste mountain
3 hours -
Agbogbloshie waste heap must go – Mahama Ayariga declares
3 hours -
Government to upgrade all rural telephony sites to 4G – Communications Minister
3 hours -
Rural calls, data to become cheaper by Q1 2027 – Sam George
3 hours