Anadarko, Partners Hit Oil Pay Offshore Ghana

West Cape Three Points, Ghana
(Click to Enlarge)
Anadarko Petroleum Corp. on Monday announced an oil discovery at the Mahogany-1 exploration well on the deepwater West Cape Three Points Block offshore the Republic of Ghana. The well, which is located in a water depth of 4,330 feet, has encountered a gross hydrocarbon column of approximately 885 feet with 312 feet of net stacked pay in a Cretaceous sandstone reservoir.

To date, the well has been drilled to a depth of approximately 12,083 feet and is planned to reach a total depth of 13,780 feet. Once the well reaches target depth, it will be suspended pending further evaluation and appraisal drilling.

Anadarko is the technical operator of the well with a 30.875% interest. Kosmos Energy is the block operator and holds a 30.875% interest. Other partners include Tullow Ghana Limited, an affiliate of Tullow Oil plc, with a 22.896% interest and Sabre Oil and Gas Limited with a 1.854% interest in the block. The E.O. Group, a Ghanaian oil and gas company, holds a 3.5% interest in the block. The Ghana National Petroleum Corporation will be carried through the exploration and development phases with a 10% participating interest.

"We are encouraged by the results of the Mahogany-1 well, and we look forward to continued cooperation with the Republic of Ghana as we work with our partners to appraise this discovery," said Bob Daniels, Anadarko's Senior Vice President, Worldwide Exploration. "This is an exciting start to our 2007 exploration program offshore West Africa, which includes two additional deepwater exploration wells this year - one offshore the Republic of Benin and one offshore Nigeria."

The Mahogany-1 well was drilled using the "Belford Dolphin" deepwater drillship, which is under long-term contract to Anadarko. Once the "Belford Dolphin" completes drilling operations on the Mahogany-1 well, Anadarko will move it to drill the Sota-1 well in Block 4 offshore Benin, in which it holds a 40% interest and is also the operator. The drillship stopped in West Africa to drill the Mahogany-1 and Sota-1 exploration wells before it moves to the Gulf of Mexico to drill additional tests in Anadarko's 2007 exploration program.

Related Companies
 Company: Anadarko Petroleummore info
 - Colombia's Ecopetrol To Explore In Four Gulf Of Mexico Blocks (Nov 23)
 - Anadarko's Bid for Apache Drives Down Share Prices for Both E&Ps (Nov 12)
 - Anadarko Confirms Apache Rejected An All-Stock Offer (Nov 11)
 Company: Tullow Oilmore info

 - Africa Oil Boom Fades as $50 Crude Shuts Door on High-Cost Deals (Nov 20)
 - Tullow Comes Up Dry with Kenya Well (Nov 17)
 - Tullow, Ophir Cut CAPEX amid Continued Low Oil Price (Nov 11)
 Company: Kosmos Energymore info
 - Galp, Kosmos Awarded Sao Tome Block (Oct 27)
 - Europa Boosts Stake in Porcupine Licenses Following Kosmos Exit (Sep 22)
 - Porcupine Prospect Could Contain 1.5B Barrels (May 12)
 Company: Ghana National Petroleummore info
 - Tullow Enjoys Strong Oil Production in West Africa (Jul 1)
 - National Petroleum: Ghana Oil Output To Hit Up To 110,000 Bpd In 2014 (Apr 8)
 - Ghana President Names New Head of State Oil Company (Sep 20)
 Company: Sabre Oil and Gas Limitedmore info
 - Tweneboa Confirmed as Major Field Offshore Ghana (Jan 21)
 - Odum-2 Appraisal Well Confirms '08 Discovery Offshore Ghana (Dec 8)
 - Massive Jubilee Field Extended by Successful Appraisal (Oct 15)
 Company: E.O. Groupmore info
 - Massive Jubilee Field Extended by Successful Appraisal (Oct 15)
 - Offshore Ghana Appraisal Well Flows Nearly 17,000 Barrels of Oil Per Day (Jan 12)
 - Tullow Extends Jubilee Field with Mahogany-3 Appraisal Discovery (Jan 8)
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Senior Consultant
Expertise: Geoscience Technician|Geotechnical Engineer|Software Specialist
Location: Houston
Geologist, Business Development
Expertise: Geologist|Geoscientist|Seismic
Location: Houston, USA, TX
Senior Geotechnical Engineer
Expertise: Geotechnical Engineer
Location: Tyler, TX
search for more jobs

Brent Crude Oil : $46.17/BBL 0.10%
Light Crude Oil : $43.04/BBL 0.39%
Natural Gas : $2.21/MMBtu 0.45%
Updated in last 24 hours