Anadarko Updates Resource Range for Jubilee Field

Anadarko Petroleum Corporation announced the results of the Mahogany-2 drillstem test in the Jubilee field located on the West Cape Three Points Block offshore Ghana. The Mahogany-2 well flowed at a test rate of 5,200 barrels per day of 36-degree API gravity crude oil and approximately 5.5 million cubic feet per day of associated natural gas from a single zone. The flow rate was limited by equipment and facilities.

The Mahogany-2 well, which lies in the West Cape Three Points license, has been drilled to a total depth of 3,443 meters by the Songa Saturn drillship in water depths of 1,080 meters. A single zone covering an interval of 17 meters was tested through a 40/64-inch choke resulting in a flowing tubing head pressure of 1,540 pounds per square inch. This flow rate was however severely limited by the available test equipment and facilities.

"We are pleased with the results of the drillstem test, which validate the consortium's updated estimated gross recoverable resources of between 500 million and 1.8 billion barrels of oil," Anadarko Chief Operating Officer Karl Kurz said. "This test confirms the productivity of the large reservoirs in the Jubilee field, and we look forward to working with our partners and the Republic of Ghana to develop this world-class field."

The partnership believes the Mahogany-2 well is in pressure communication with the Mahogany-1 discovery well on the same block, approximately 4 miles to the southwest, and with the Hyedua-1 well on the Deepwater Tano Block approximately 7 miles to the southwest.

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