The partnership believes the Mahogany-2 well is in pressure communication with the Mahogany-1 discovery well on the same block, approximately four miles to the southwest, and with the Hyedua-1 well on the deepwater Tano Block approximately seven miles to the southwest.
Anadarko holds a 30.875% interest in the West Cape Three Points Block. Kosmos Energy is the block operator and holds a 30.875% interest. Other partners include Tullow Ghana with a 22.89% interest and Sabre Oil & Gas with a 1.85% interest.
The EO Group, a Ghanaian oil and gas company, holds a 3.5% interest in the block. The Ghana National Petroleum Corporation will be carried through the exploration and development phases with a 10% participating interest.
Karl Kurz, Anadarko’s COO, said: We are pleased with the results of the drillstem test, which validate the consortium’s updated estimated gross recoverable resources of between 500 million and 1.8 billion barrels of oil. This test confirms the productivity of the large reservoirs in the Jubilee field, and we look forward to working with our partners and Ghana to develop this world-class field.
