Anadarko Fails to Find Commercial Resources at Mozambique's Kifaru-1 Well
Canada's Wentworth Resources Ltd., the Oslo Stock Exchange and AIM listed independent, East Africa-focused oil and gas company, provided Wednesday an update on the Kifaru-1 exploration well in the Rovuma Onshore Concession in northern Mozambique, further to the Company's announcement Jan. 15 that drilling operations had begun.
The Kifaru-1 well was drilled to a final total depth of 10,170 feet (3,100 meters) in Eocene age rocks. The well encountered all targeted zones in the Miocene, Oligocene and Eocene formations but failed to find an economic reservoir and as a result the well has been plugged and abandoned.
With the drilling of Kifaru-1 to the final total depth, the consortium led by Anadarko has satisfied all of its drilling obligations under the terms of the Exploration and Production Concession Contract for the Onshore Rovuma Block in Northern Mozambique.
Geoff Bury, Managing Director, commented:
"Whilst the results from this well did not meet our expectations, we are working with Anadarko and our partners to evaluate all data collected to determine the next steps in the exploration phase of the onshore Rovuma block."
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Company: Wenworth Resources Ltd. more info
- Anadarko Fails to Find Commercial Resources at Mozambique's Kifaru-1 Well (Feb 26)