Anadarko Announces Discovery Offshore Ghana

Business & Finance

Anadarko Petroleum Corporation announced the Wawa-1 exploration well, located in the Deepwater Tano Block offshore the Republic of Ghana, discovered approximately 43 net feet (13 meters) of oil pay and 65 net feet (20 meters) of gas-condensate pay in Turonian-aged reservoirs.

Samples from the well show the oil is of good quality, between 38 and 44 degrees API, and pressure data indicate the Wawa discovery is a separate and distinct accumulation from the adjacent TEN (Tweneboa, Enyenra and Ntomme) complex.

“The Wawa discovery extends the presence of hydrocarbon-bearing formations more than 6 miles (10 kilometers) to the north of the Enyenra-3A well,” said Anadarko Sr. Vice President, International and Deepwater Exploration, Bob Daniels. “The discovery enhances the value of the TEN complex, which is advancing toward submission of a plan of development. The partnership plans further exploration of the Deepwater Tano Block with additional wells scheduled at our Okure and Sapele prospects later this year.”

The Wawa-1 exploration well is located in approximately 1,926 feet (587 meters) of water. The well was drilled to a total depth of approximately 10,899 feet (3,322 meters). Once operations are complete, the well will be suspended for possible future use in appraisal and development operations.

Anadarko has an 18-percent working interest in the Deepwater Tano Block. Partners in the block include Tullow Oil plc (49.95-percent working interest and operator), Kosmos Energy (18-percent working interest), Sabre Oil & Gas Holdings Ltd (4.05-percent working interest) and the Ghana National Petroleum Corporation (10-percent carried interest).

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Press Release, July 18, 2012