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Wednesday, May 23, 2012
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Anadarko Provides Deepwater Exploration Update

22/02/2012 04:30 (91 Day 00:27 minutes ago)

The FINANCIAL -- Anadarko Petroleum Corporation announced the Jupiter-1 discovery well, offshore Sierra Leone, encountered 98 net feet of hydrocarbon pay in Upper Cretaceous-age reservoirs.

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Additionally, the company announced its latest appraisal well offshore Mozambique, Lagosta-3, encountered approximately 577 total net feet (176 meters) of natural gas pay in multiple zones.

According to Anadarko Petroleum Corporation, the Jupiter-1 well in block SL-07B-11 is located more than 15 miles (25 kilometers) from the Mercury-1 discovery well. Jupiter was drilled to a total depth of approximately 21,212 feet (6,465 meters) in water depths of approximately 7,215 feet (2,199 meters) in the Sierra Leone/Liberia Basin. Once operations are complete at Jupiter, the company will mobilize the rig to drill the Mercury-2 appraisal well in the same block.

Anadarko operates the block with a 55-percent working interest. Co-owners in the block include Repsol Exploracion Sierra Leone, S.L. (25-percent working interest) and Tullow Sierra Leone B.V. (20-percent working interest).

 

The Lagosta-3 well is located about 2 miles (3 kilometers) west of the Lagosta-1 discovery well and 9 miles (15 kilometers) south of the Camarao-1 well. It was drilled to a total depth of approximately 13,715 feet (4,180 meters) in water depths of approximately 4,606 feet (1,404 meters) and will be suspended while the rig is mobilized to drill the Barquentine-4 appraisal well. Anadarko has two deepwater drillships operating in the discovery area offshore Mozambique, the second of which is now on location at the Barquentine-2 well preparing for drillstem testing.

Anadarko is the operator of the 2.6-million-acre Offshore Area 1 with a 36.5-percent working interest. Co-owners in the area are Mitsui E&P Mozambique Area 1, Limited (20 percent), BPRL Ventures Mozambique B.V. (10 percent), Videocon Mozambique Rovuma 1 Limited (10 percent) and Cove Energy Mozambique Rovuma Offshore, Ltd. (8.5 percent). Empresa Nacional de Hidrocarbonetos, E.P.'s 15-percent interest is carried through the exploration phase.

 

 

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