Kosmos extends Teak discovery Offshore Ghana

Kosmos, extends, Teak, discovery, Offshore, Ghana, Teak-3A appraisal well, West Cape, campanian, turonianKosmos extends Teak discovery Offshore Ghana.Kosmos Energy have announced 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 Teak-3A well is located approximately four kilometers (2.5 miles) 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 approximately 35m (115ft) of hydrocarbons in multiple good-quality reservoirs. The analysis identified 13m (43ft) of 36-39 degree API gravity and 22 meters (72ft) of gas-condensate pay. The hydrocarbon-bearing reservoirs encountered were Campanian and Turonian in age and similar to those seen in the discovery well.


"Significant milestone"

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."

The "Transocean Marianas" semisubmersible drilled the Teak-3A well to a total depth of 3,222m (10,571ft) in 444m (1,457ft) 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 per cent interest. Anadarko Petroleum Corporation has a 31 per cent interest, Tullow Oil plc has a 26 per cent interest, Sabre Oil & Gas Holdings Limited has a 1.8 per cent interest; and the Ghana National Petroleum Corporation has a 10 per cent carried interest. (Approx)

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