Tullow Reports No Hydrocarbons Find at Buzio-1 Well off Mozambique

Tullow Oil plc (Tullow) announced Monday that the Buzio-1 exploration well in Area 2 offshore Mozambique has not encountered hydrocarbons and, following the completion of logging operations, has been plugged and abandoned.

The Buzio-1 well is the second deepwater exploration well drilled in Area 2 and targeted stratigraphic traps in channel systems of Tertiary and Upper Cretaceous ages. Good quality water bearing reservoir sandstones were found in both targets.

The Discoverer Americas (UDW drillship) drilled Buzio-1 to a final depth of 10,935 feet (3,333 meters) in water depths of 5,033 feet (1,534 meters).

Tullow has a 25 percent interest in Areas 2 and 5 in the Romuva Basin, offshore Mozambique. Statoil 40 percent are the operator while INPEX have a 25 percent non-operated interest. ENH (Empresa Nacional de Hidrocarbonetos, E.P.) have a 10 percent carried interest.

Angus McCoss, Exploration Director, Tullow Oil plc commented today,

“Having encountered hydrocarbons with the Cachalote-1 well, we have acquired valuable information from the Buzio-1 dry hole. We will now combine the data from both offshore Mozambique wells with our extensive seismic in this license area and determine our next steps.”

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
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 www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Equipment Operator (Frac)
Expertise: Driller|Well Control
Location: Midland, TX
 
Truck Driver (Sand)
Expertise: Driller|Oil Terminal / Storage Management|Well Servicing & Testing
Location: Midland, TX
 
United States Houston: Senior Drilling Fluids Engineer
Expertise: Drilling Engineering
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $50.64/BBL 0.62%
Light Crude Oil : $48.04/BBL 1.47%
Natural Gas : $3.01/MMBtu 2.58%
Updated in last 24 hours