Tullow confirms Ghana discovery

Tullow Oil said it had made a discovery at its licence in offshore Ghana, revealing oil, gas and gas condensate.

The find was made at the Teak-2 exploration well in the West Cape Three Points licence, in which Tullow has a 22.896 per cent interest, and included 27 metres of net hydrocarbon bearing Campanian and Turonian reservoirs.

The company said the well was targeting an undrilled fault block between the Jubilee field and the Teak-1 discovery. Six metres of net oil and gas pay were found at the top of good quality Campanian reservoirs.

"The discovery of hydrocarbons at the Teak-2 location is a very good result, providing important data for the future development of the Jubilee field," said exploration director Angus McCoss.

"The well demonstrated that the Teak-2 discovery is not part of the Teak-1 discovery but is potentially a Jubilee field gas cap. The Campanian reservoirs at Teak-2 confirm significant up-dip potential in the greater Teak area."

Tullow said that once operations are completed at the well, it will be suspended for future use and the rig will move to drill the Banda-1 well, targeting Campanian and Cenomanian reservoirs in the east of the licence.