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UPDATE 1-Anadarko well strikes oil offshore Ghana

  • SOURCE: | Editor
  • Anadarko Petroleum Corp (APC.N) said on Monday that one of its exploration wells encountered high-quality oil off the coast of Ghana, the latest in a string of discoveries for the U.S. oil and gas firm in African waters.

    The Teak-2 exploration well encountered about 90 net feet of high-quality oil, Anadarko said.

    "We continue to work with our partners and the Republic of Ghana to advance our exploration and appraisal programs," Bob Daniels, a senior vice president, said.

    The Teak-2 well was drilled to a total depth of 11,185 feet in water depths of about 2,900 feet, the company said.

    Anadarko owns a 30.875 percent working interest in the West Cape Three Points licence block, which is operated by Kosmos Energy, also with a 30.875 percent working interest.

    Other co-owners in the block include Britain’s Tullow Oil Plc (TLW.L), which holds 22.896-percent working interest.

    In February Anadarko’s Teak-1 exploration well encountered a total of about 240 net feet of oil. The company also struck natural gas in waters off Mozambique
    http://www.reuters.com/article/2011/03/28/anadarko-idUSL3E7ES10A20110328

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