Exploration of deepwater Ghana license nearing completion

Offshore staff

LONDON – Tullow Oil has issued an update on its offshore exploration and production drilling programs for the year ahead.

Drilling of the Sapele-1 is ongoing in the Deepwater Tano license offshore Ghana and is expected to be completed by end-February. This will conclude exploration activity in the license.

Following start-up of two Jubilee field Phase 1A wells and successful acid stimulations, oil production is about 110,000 b/d. Total well production deliverability is now more than 120,000 b/d, allowing the current FPSO capacity to be tested over the next few weeks.

Offshore French Guiana, operator Shell has spudded the Priodontes-1 (GM-ES-3) well targeting a prospect adjacent to the Zaedyus oil discovery and within the same Cingulata fan system. Drilling is expected to continue for four to five months.

Other planned offshore wells in East and West Africa, South America, and Norway where Tullow is a participant are as follows:

Mozambique                      
                       
Block 2     Cachalote       28%       3Q 2013
Block 2     Buzio       28%       4Q 2013
                       
Mauritania                      
                       
C-7     Scorpion       36%       2Q 2013
C-10     Caracol/Tapendar       80%       3Q 2013
C-1     Addax       40%       4Q 2013
                       
French Guiana                      
                       
Guyane Maritime     Cebus       27.5%       3Q 2013
                       
Norway                      
                       
PL 537     Wisting Central       20%       2Q 2013
PL 405     Butch East       15%       2Q 2013
PL 405     Butch SW       15%       2Q 2013
PL 537     Wisting North       20%       2Q 2013
PL 495     Carlsberg       40%       2Q 2013
PL 542     Augunshaug       40%       3Q 2013
PL 551     Mantra       80%       3Q 2013
PL 511     Mjosa       10%       3Q 2013
PL 659     Matrosen       10%       4Q 2013
PL 636     Ra       20%       4Q 2013

1/11/2013

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