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Monday, 21 July, 2008, 00:40 GMT | more prices >>

Jubilee partners strike at Odum-1

By Upstream staff

Photo by Scanpix

US players Anadarko Petroleum and Kosmos Energy have struck oil in the Odum-1 exploration well, drilled close to the partners’ huge Jubilee find on the West Cape Three Points Block off Ghana.

Kosmos said in a statement that it had struck 22 metres of net oil-bearing pay in a gross interval of 60 metres after the well was drilled to a depth of 3386 metres in the Tano basin.

The company said the oil, of 29 degrees API, was confirmed by drilling, wireline logging and fluid samples.

The well lies about 13 kilometres east of the Mahogany-1 discovery on the Jubilee field. It is Anadarko’s and Kosmos’s second exploration well on the West Cape Three Points Block.

The new find is thought to indicate a significant satellite discovery to the Jubilee discovery in Campanian-age fan deposits.

The well was drilled in 955 metres of water by the drillship Songa Saturn.

“The success of the Odum-1 well and its confirmation of a new, significant oil province in Ghana’s western offshore basin is another momentous event for the Republic of Ghana and Kosmos,” said James Musselman, Kosmos’s chief executive.

“We look forward to continuing our work with the government and people of Ghana, as well as our block partners, to help develop and produce Ghana’s vital natural resources,” he said.

Once work is finished on the Odum-1 well, the Songa Saturn will move to start appraisal work on the Jubilee find with the spudding of the Hyedua-2 appraisal well.

Kosmos operates the West Cape Three Points block with a 30.875% stake while Anadarko holds a similar stake. Other partners include Tullow Oil (22.896%), the EO Group (3.5%) and Sabre Oil & Gas (1.854%), while Ghana National Petroleum Corporation has a 10% carried stake.