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Tuesday, 02 December, 2008, 23:40 GMT | more >>

Limited joy for Addax off Cameroon



By Upstream staff 

Addax Petroleum has hit hydrocarbon during drilling of the Ngosso prospet off Cameroon, while drilling of first exploration wells in the Iroko licences, came up dry.

Addax drilled two wells plus a sidetrack at Ngosso and one well at Iroko.

The sidetrack drilled as part of the Ngosso drilling campaign established a gross hydrocarbon column of 79 feet while the two Ngosso exploration wells were plugged and abandoned as dry holes.

The companys said in a statement that the sidetrack discovery may be developed in the future together with existing oil discoveries in an overall field development.

The Iroko well encountered hydrocarbons in the main objective interval and the company is currently evaluating core, pressure and wireline data obtained during the drilling of the well.

Commenting on the results chief executive of Addax, Jean Claude Gandur, said: "While the initial results of the Cameroon exploration campaign were less encouraging than anticipated, we will continue exploration activities on the licence areas where there still exist several quality prospects.”


Friday, 04 July, 2008, 14:12 GMT  | last updated: Friday, 04 July, 2008, 14:17 GMT

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