Well Update - Ghana

RNS Number : 7384C

Tullow Oil PLC

04 May 2012

 



News Release

  

Teak-4A appraisal well update

4 May 2012 - Kosmos Energy, the Operator of the Teak-4A appraisal well offshore Ghana, in which Tullow Oil plc (Tullow) is a 26.396% partner, yesterday evening, issued the following press release:

DALLAS, Texas, May 3, 2012 - Kosmos Energy (NYSE: KOS) announced results from the Teak-4A appraisal well, located in the West Cape Three Points Block, offshore Ghana. Located 6.1 kilometers (3.8 miles) northwest of the Teak-1 discovery well, the Teak-4A well was targeting the stratigraphic extension of the Teak discovery area. The well encountered thin, non-commercial reservoirs and is being plugged and abandoned. Kosmos and partners have begun integrating well results into the Teak field model to determine forward appraisal and development plans.

The Atwood Hunter rig drilled Teak-4A to a total depth of 2,850 meters (9,348 feet) in water depth of 554 meters (1,817 feet). Following the completion of operations at the Teak-4A well, the drilling rig will set gauges at the Teak-2A well and perform a drill stem test at the Akasa oil discovery on the West Cape Three Points Block.

Kosmos Energy is the operator of the West Cape Three Points Block with a 30.875 percent interest. The Company's partners include Anadarko Petroleum Corporation (30.875 percent), Tullow Oil plc (26.396 percent), Sabre Oil & Gas Holdings Ltd. (1.854 percent), and the Ghana National Petroleum Corporation (10 percent carried).

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 100 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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