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28.03.2009 Business & Finance

New Oil Find Off Ghana Shore

By kotp.blogspot

This from Oil and Gas Journal;
Tullow Oil PLC, following the significant light hydrocarbon discovery it reported earlier this month, said that oil-bearing sands have been discovered in the deeper section of the Tweneboa-1 exploration well offshore Ghana.

"Tweneboa is a significant light hydrocarbon discovery which has extended the Jubilee play westwards and has identified oil in a deeper sand pointing to scope for further play development," Tullow said.

"We look forward to exploring these multiple targets offshore Ghana and pursuing these plays across the rest of our extensive Equatorial Atlantic acreage position," the company said.

In reporting the discovery, Tullow said, "The Tweneboa-1 well has been deepened to 3,938 m and encountered 4 m of highly-pressured oil-bearing sands as well as an over-pressured zone at total depth."

"Integration of the seismic and well data is ongoing and further exploration drilling will now be required to test the extent of these deeper levels as well as the shallower accumulation where seismic indicates sands thicken away from the well location," Tullow said.

The Tweneboa-1 well was drilled by the Eirik Raude deepwater rig in a water depth of 1,148 m about 25 km west of the Jubilee field.

Now, why is this being posted? Mainly because I think it is important for people to have an idea of the growing importance of West Africa in the global energy market...particularly since this could easily be a flash point between the Great Powers. China, the US and Europe have extensive operations in this region of the world. China's military build-up, in part, will give them the ability to deploy and sustain forces in critical resource areas. Our own recently established Africom certainly looks like it will have resource control as part of its operational portfolio. And, the Euros - particularly the French - regularly send troops into West Africa.

The Great Game never ends.
(Source: OGJ)