Kosmos Energy confirms extension of Teak discovery offshore Ghana

Jan 20, 2012 12:00 AM

Kosmos Energy reports that the Teak-3A appraisal well has confirmed a northern extension of the Teak discovery on the West Cape Three Points Block offshore Ghana. The extension of the Teak discovery is a significant milestone in progressing the appraisal and delineation of this field.
The Teak-3A well is located approx. 4 km north of Teak-1 and was designed to test the potential structural and stratigraphic extension of reservoirs encountered in the original discovery well.

Analysis of well results, including wireline logs, reservoir pressures and fluid samples indicate that the Teak-3A well encountered approx. 35 meters of hydrocarbons in multiple good-quality reservoirs. The analysis identified 13 meters of 36-39 degree API gravity and 22 meters of gas-condensate pay.
The hydrocarbon-bearing reservoirs encountered were Campanian and Turonian in age and similar to those seen in the discovery well.

Brian F. Maxted, President and Chief Executive Officer, said, “The extension of the Teak discovery is a significant milestone in progressing the appraisal and delineation of this field. We have confirmed the presence of a number of hydrocarbon pools in Teak-3A and significantly extended the productive area of the discovery. While more operational work and technical studies will be necessary to fully define the field, we are very encouraged by the result, which gives further momentum for additional development of the resources discovered on our operated block."
"Our appraisal and delineation programs continue to generate substantial value for Kosmos, and we look forward to a number of additional near-term appraisal and exploration well results,” he said.

The 'Transocean Marianas' semisubmersible drilled the Teak-3A well to a total depth of 3,222 meters in 444 meters of water. Following the completion of operations at Teak-3A, the rig will be released to another operator.
Kosmos anticipates drilling the Teak-4A appraisal well in the second quarter of 2012. Additional appraisal at Teak is being planned for the second half of 2012.

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

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