Perenco Drills 'Encouraging' Well Offshore Gabon
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.
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