• Wednesday, 16 May, 2012

Anadarko nets light oil prize

Ghana victory: Anadarko hits high-quality deposit

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Kathrine Schmidt , Kathrine Schmidt , Kathrine Schmidt , Kathrine Schmidt , Kathrine Schmidt

 23 August 2011 22:00 GMT

Anadarko has discovered light oil at an offshore Ghana well, the company said Tuesday.

The discovery came at the company’s Akasa-1 well, which was spudded in 3800 feet of water by the Atwood Hunter. The Ivorian Basin well was drilled to a total of 12,850 feet.

The find in the West Cape Three Points block came across 108 net feet of “high quality, oil bearing pay from four main Turonian-aged sand packages,” the company said, though it declined to disclose specifics on estimated reserves.

"The Akasa-1 discovery continues to build upon our partnership's successful West Cape Three Points program, enhancing the resource potential of this prolific area," Bob Daniels, senior vice president of worldwide exploration, said in a statement.

"After successful appraisal, we expect the Akasa discovery along with previous discoveries at Teak to potentially anchor an additional development on the block."

Anadarko has a 30.875% interest in the project, which it shares with Kosmos Energy (30.875%), Tullow Oil (26.396%), Sabre Oil & Gas Holdings (1.854) and Ghana National Petroleum.

The well is part of a broader regional drilling programme by the company.

Anadarko also disclosed a sucessful test well at the Tweneboa-4 well in the Deepwater Tano Block. The testing showed the well yielding averages of 3500 barrels of condensate per day and 30 million cubic feet of natural gas per day.

"Ghana has been a fantastic asset for us," Anadarko spokesman Johb Christiansen told Upstream. "It’s turned into a really prolific area that continues to grow with every well we drill."

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