Related documents
Related links
The exploration well OMOC-N-1, drilled in the Onal AEE, has identified a 111-metre column of oil in the Grès du Kissenda. Pump tests have established a flow of 1,700 bpd of oil (flow limited by the pump's maximum capacity) with an API of 33.4.
The characteristics of this oil are similar to Onal's so it can be processed and evacuated using existing facilities.
The discovery of this oil accumulation confirms the extension of the Grès du Kissenda in the Onal AEE and the importance of this new exploration theme for the entire eastern edge of the Gabon coastal basin where the Group has significant exploration acreage.
The development expenditure for this discovery will be limited to the amount of the drilling wells and of the laying of collection pipes linking them to the Onal field facilities.
The Kissenda play has been encountered several times on the Omoueyi permit (M&P operator, 100%) with the OMKO, OMOE, OMAL and OMOC discoveries. This new play will supplement the Group's traditional research subjects, hitherto concentrated on Grès de base, which have been the springboard for the Group's major successes.
This new success is a major step for the knowledge and the development of the Omoueyi permit. It reinforces Maurel & Prom's decision to prioritise two major development areas: Gabon and Nigeria. Other projects may either contribute to Maurel & Prom's growth depending on future results or be the subject of joint ventures with third parties.
Maurel & Prom (85%) operates the Onal production licence and is partnered by Tullow (7.5%) and AIC-Petrofi (7.5%).
Contacts
Tullow Investor Relations | Camarco (Media) |
---|---|
ir@tullowoil.com |
(+44 20 3757 4980) |
Notes to editors
Tullow is an independent energy company that is building a better future through responsible oil and gas development in Africa. Tullow's operations are focused on its core producing assets in Ghana. Tullow is committed to becoming Net Zero on its Scope 1 and 2 emissions by 2030, with a Shared Prosperity strategy that delivers lasting socio-economic benefits for its host nations. The Group is quoted on the London and Ghanaian stock exchanges (symbol: TLW). For further information, please refer to: www.tullowoil.com.
Follow Tullow on:
Twitter: www.twitter.com/TullowOilplc
LinkedIn: www.linkedin.com/company/Tullow-Oil