Well Update

RNS Number : 9313T

Tullow Oil PLC

16 June 2009

 



News Release 

Oil discovery in the Kigogole-3 exploration well in Uganda 

16 June 2009 - Tullow Oil plc (Tullow) announces that the Kigogole-3 exploration well, which is located in the Butiaba region of Uganda Block 2, has encountered over 20 metres of net oil pay in two separate zones.

Located approximately one kilometre from the crest of the structure, the well was drilled to a total depth of 575 metres and has been successfully logged and sampled. Excellent Kasamene-type reservoir sands were encountered in the lower zone with over 15 metres of net oil pay. 

In a separate 5 metre total net reservoir section above the 15 metre main reservoir interval, thin-bedded oil bearing sands were also encountered.

Kigogole-3 is the eighth successful test of the Victoria Nile Delta play fairway within the Lake Albert Rift Basin. The well is located southwest of the Kigogole-1 oil discovery made in 2008, which was recently production tested. This latest result further extends the play and de-risks several adjacent prospects located in Blocks 1 and 2, which are scheduled for drilling later in the year.

The well is now being suspended as a future oil producer and on completion of operations the rig will move to the Wahrindi prospect, 13 kilometres to the southwest, close to the shore of Lake Albert. This well is expected to commence later this month and to drill to a depth of approximately 1,300 metres.

Commenting today, Angus McCoss, Exploration Director, said:

'We are very pleased to have made another discovery in the Butiaba region of Block 2 which reaffirms the exceptional quality of the prospects within the Victoria Nile Delta play. We are steadily drilling our prospect inventory in this region and this continued success is enabling us to make significant progress on new leads and prospects. The ongoing campaign will help us define the ultimate limits of this very prolific petroleum system.'

FOR FURTHER INFORMATION CONTACT:

Tullow Oil plc  ([phone]) Angus McCoss Chris Perry

Citigate Dewe Rogerson  ([phone])  Martin Jackson George Cazenove

Murray Consultants  ([phone])  Joe Murray  Ed Micheau

Notes to Editors

Tullow is a leading independent oil & gas, exploration and production group, quoted on the London and Irish Stock Exchanges (symbol: TLW) and is a constituent of the FTSE 100 Index. The Group has interests in over 85 exploration and production licences across 22 countries and focuses on four core areas: Africa, Europe, South Asia and South America.

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

Tullow's European interests are primarily focused on gas in the UK Southern North Sea where it has significant interests in the Caister-Murdoch System and the Thames area. The company also has interests offshore the Netherlands and Portugal. 

In South Asia, Tullow has exploration and production in Pakistan and Bangladesh. 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.

 

END

 

 

DRLEELFFKQBEBBV