|Wednesday, July 26, 2000
Triton Energy has announced that the Ceiba-5 well offshore Equatorial Guinea has confirmed the oil discovered in the previous four wells and also confirmed and additional high-quality reservoir not seen in any of the previous wells. Ceiba-5, a significant step-out well, penetrated 243 feet of net oil-bearing pay in three zones based on the analysis of drilling, wireline logging, downhole pressure measurements and rock/fluid samples. The new oil pool has an oil-water contact 328 feet below the oil-water contact of the primary Ceiba pool. Drilled on the western flank of the Ceiba structure, the Ceiba-5 well validated the lateral reservoir continuity and connectivity of the field's primary oil pool to the northwest. Global Marine's drillship, Robert F. Bauer, drilled the Ceiba-5 well to a total depth of 9,187 feet in 2,622 feet of water. Once the Robert F. Bauer has completed operations on the Ceiba-5 well, it will move on to spud the Ceiba-6 well which is located about a mile southeast of the Ceiba-4 well.