Tullow Oil reported that the Sputnik-1 well, drilled offshore Gabon by its partner Perenco, has produced an "encouraging result" despite failing to find commercial hydrocarbons.
The well, which was targeting a pre-salt structure in Gabon's offshore Arouwe block, encountered hydrocarbon pay in up to 985 feet of sandstone reservoir but this pay was deemed non-commercial.
However, Tullow Exploration Director Angus McCoss commented in a company statement:
"This is an encouraging result from the pre-salt play, offshore Gabon. Having found a petroleum system, we will now take the data from this well and integrate it with our seismic data to discuss with partners our next steps for the license."
Tullow has a 35-percent interest in the Arouwe block, while partners Perenco and ExxonMobil hold 35 percent and 30 percent respectively.
Have a news tip? Share it with Rigzone!
WHAT DO YOU THINK?
Click on the button below to add 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.
More from this Author
Most Popular Articles
From the Career Center
Jobs that may interest you