Well Update - Ghana

RNS Number : 8922H

Tullow Oil PLC

18 July 2012

 



News Release

 

Wawa-1 exploration well finds oil and gas-condensate

18 July 2012 - Tullow Oil plc (Tullow) announces that the Wawa-1 exploration well in the Deepwater Tano licence offshore Ghana has intersected oil and gas-condensate in a Turonian turbidite channel system.

Wawa-1 encountered 20 metres of gas-condensate pay and 13 metres of oil pay in turbidite sands. Samples show the oil to be good quality between 38 and 44 degrees API. The well was drilled 10 kilometres north of the Enyenra-3A well, testing the previously undrilled, updip portion of the licence. Pressure data shows that it is a separate accumulation from the TEN fields.

The well will now be suspended for possible future use in appraisal and development operations.

The Atwood Hunter semi submersible rig drilled the Wawa-1 well to a final depth of 3,322 metres in water depths of 587 metres.

Tullow (49.95%) operates the Deepwater Tano licence and is partnered by Kosmos Energy (18.00%), Anadarko Petroleum (18.00%), Sabre (4.05%) and the Ghana National Petroleum Corporation (GNPC) (10% carried interest).

Commenting today, Angus McCoss, Exploration Director, said:

"Wawa-1 was the first of three important remaining exploration wells to be drilled in the second half of 2012, to close out the exploration phase of the Deepwater Tano Licence. It found light oil and gas condensate, trapped separately from TEN and demonstrates once again that liquid rich hydrocarbons are pervasive in this prospective licence. We look forward to the drilling of Okure and Sapele in the second half of 2012."

FOR FURTHER INFORMATION CONTACT:

Tullow Oil plc ([phone]) Chris Perry - Investor Relations James Arnold - Investor Relations George Cazenove - Media Relations

Citigate Dewe Rogerson ([phone]) Martin Jackson Kate Lehane

Murray Consultants ([phone]) Joe Murray Ed Micheau

Notes to Editors

Tullow is a leading independent oil and gas, exploration and production group and is quoted on the London, Ghana and Irish Stock Exchanges (symbol: TLW.L). The Group has interests in over 90 production and exploration licences in 22 countries which are managed as three regional business units: West & North Africa, South & East Africa and Europe, South America and Asia.

In Africa, Tullow has production in Ghana, Gabon, Côte d'Ivoire, Mauritania, Congo (Brazzaville) and Equatorial Guinea with two large appraisal and development programmes in Ghana and Uganda. Tullow also has exploration interests in Gabon, Côte d'Ivoire, Liberia, Sierra Leone, Mauritania, Senegal, Tanzania, Madagascar, Namibia, Kenya and Ethiopia.

Tullow's European interests are focused on gas in the UK Southern North Sea where it has significant interests in the Caister-Murdoch System and the Thames area and in the Netherlands where it has offshore gas production, development and exploration opportunities.

In South Asia, Tullow has exploration and production in Bangladesh and exploration interests in Pakistan. In South America, Tullow has exploration interests in Guyana, French Guiana and Suriname.

For further information please refer to our website at www.tullowoil.com.

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ENDS

 

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