Anadarko Makes Non-Commercial Discovery Offshore Liberia
Tullow announced that the Montserrado-1 exploration well, offshore Liberia, has made a non-commercial oil discovery in Late Cretaceous reservoir sands. This result is an important exploration breakthrough, establishing a working hydrocarbon system in the Liberian basin.
The well was drilled in block LB-15 to a total depth of 5,400 meters and encountered good-quality, water-bearing sands in the main objective. In a deeper secondary objective, approximately 8 meters of hydrocarbon pay was intersected and a sample of light oil was recovered.
The well is being plugged and abandoned and the drillship is being mobilized to Sierra Leone to drill the Mercury-2 appraisal well and the Jupiter exploration well on block SL-07B-11.
Tullow has a 25.00% working interest in the license and is partnered by the operator, Anadarko Petroleum (47.5%) and Repsol (27.5%).
Commenting today, Angus McCoss, Exploration Director, said, "While this wildcat well made a sub-commercial discovery at this location, we have gained critical insights which we will now integrate with our extensive 3D seismic data for follow-up drilling in our highly prospective Liberian acreage. We now look forward to the drilling of the high-impact Jupiter and Mercury-2 wells in Sierra Leone."
- No More Free Lunch Is the Big Change Under Way in the Oil Market (Oct 09)
- Anadarko To Spend $2.5B On Massive Share Buyback (Sep 20)
- Harvey Could Become First Hurricane to Strike Texas Since 2008 (Aug 23)
Company: Tullow Oil more info
Operates 1 Offshore Rigs
- Tullow Oil Signs Exploration Contracts Offshore Ivory Coast (Oct 11)
- Britain's Tullow Launches Oil, Gas Exploration In Zambia (Aug 11)
- European Oil Producers' Weak Hedging Shows Bet on Price Rebound (Jul 31)