Dana Petroleum said today it has made a second oil find in Ghana.
Dana found the 75 feet interval of oil in the Upper Campanian reservoir in its well in the shallow-water region of the Western Tano Contract Area, similar to that tested in its well drilled in 2000.
It said the find demonstrated the lateral extent of the previous discovery. Detailed analysis of well results, including reservoir fluid samples recovered from the well, is now underway to assess the commerciality of the Upper Campanian oil accumulation.
The company said alongside the shallow-water drilling operations, extensive geo-science work has continued to refine drilling locations in the deep-water area of the licence, with several high-potential structures now defined.
"These deep-water prospects are an order of magnitude larger than previous finds in the shallow water, with each structure having the potential to contain several hundred million barrels of oil," the company said.
Preliminary operational planning is in progress with a view to commencing deep-water drilling in late 2003.
The company also said it has begun the acquisition of a large 3D survey in Block 1 offshore Mauritania.
AFP