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Wed, 09 Dec 2009 Business & Finance

Kosmos Finds More Oil For Ghana

  Wed, 09 Dec 2009
James MusselmanJames Musselman

Kosmos Energy, the international oil exploration and production company with a focus in West Africa,  announced yesterday that it has discovered more oil in its Odum-2 appraisal well, which is located 4 kilometres north-east of the Odum-1 well that was discovered in 2008 in the West Cape Three Points Block.

The new find, which lies approximately 18 kilometres east of Kosmos' Mahogany-1 exploration well and the Jubilee oil field, is the company's ninth consecutive successful exploration and appraisal of wells offshore Ghana with a 100 percent success rate in the region.

According to a release, the results of drilling, wireline logging and reservoir fluid samples showed that the Odum-2 well penetrated net hydrocarbon-bearing pay of 20 meters (66 feet) in high quality that was stacked with sandstone reservoirs over a gross interval of 182 meters (597 feet).

“We are pleased that we have successfully confirmed the second of our four oil and gas discoveries to date offshore Ghana.

“The Odum-2 well validates the upside potential of the Campanian play on the West Cape Three Points Block, which has been determined to be separate from the Jubilee field play.

We will continue to evaluate the well's results,” said Brian F. Maxted, Chief Operating Officer of Kosmos.

He said the reservoir fluid samples that was recovered indicated an oil gravity of approximately 18-19 degrees API, adding that the Odum-2 well encountered an oil-water contact 58 meters (190 feet) below the lowest-known oil in the Odum-1 well, a discovery that has extended the known oil column beyond the deepest oil seen in the Odum-1.

Kosmos Energy is the operator of the West Cape Three Points Block, which the company holds a 30.875 percent interest.

It also holds an 18 percent interest in the Deepwater Tano Block.

The Odum-2 well was drilled by the “Atwood Hunter,” which is the semi-submersible rig to a total depth of 2,506 meters (8,222 feet) in a water depth of 816 meters (2,677 feet).

Following the drilling of the Odum-2 well, the rig would now be moved to the adjacent Deepwater Tano Block where it expected to drill the Tweneboa-2 appraisal well to evaluate the most recent find. Kosmos and its block partners are currently drilling the Mahogany Deep-2 appraisal well using the “Aban Abraham” drillship.

By Bennett Akuaku

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