Kosmos makes Akasa oil discovery; announces positive flow rates at Tweneboa offshore Ghana

Offshore staff

DALLAS – Kosmos Energy reports a light oil discovery offshore Ghana on the West Cape Three Points block. Analysis, including wireline logs, pressure tests, and fluid samples, indicates the well found 33 m (108 ft) of pay in four good-quality Turonian sands.

The Atwood Hunter drilled the Akasa-1 well to TD of 3,918 m (12,854 ft) in 1,158 m (3,798 ft) of water. Kosmos says the near-term drilling plans include the Cedrela exploration prospect, which is currently under Force Majeure discussions, and two appraisal wells at the Teak discovery on the West Cape Three Points block. In addition, the company and its partners plan to drill at least two appraisal wells at the Enyenra field on the adjacent Deepwater Tano block offshore Ghana.

Kosmos is the operator of West Cape Three Points with a 30.875% interest. Anadarko Petroleum Corp. has a 30.875% interest, Tullow Oil plc has a 26.396%, Sabre Oil & Gas Holdings Ltd has a 1.854% interest; and the Ghana National Petroleum Corp. has a 10% carried interest.

The company also announced successful flow test rates at the Tweneboa discovery on the Deepwater Tano block. At Tweneboa-4, the flow test resulted in sustained rates of approximately 3,500 b/d of condensate and 30 MMcf/d of natural gas. A drillstem test at Tweneboa-2 flowed at a rate of 6,500 b/d and 5 MMcf/d. The data from these tests is being used to optimize development plans for the Tweneboa/Enyenra complex.

Kosmos Energy holds an 18% interest in the Deepwater Tano block. Tullow Oil plc is the operator with a 49.95%. Anadarko has an 18% interest, Sabre Oil & Gas Holdings Ltd has a 4.05% interest, and the Ghana National Petroleum Corp. has a 10% carried interest.

08/25/2011



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