Press releases
Share
Email a link
Share to...
23 May 2014
Well update - Ethiopia
Tullow Oil plc (Tullow) announces that the Shimela-1 well encountered water bearing reservoirs.
Shimela-1 in the South Omo Block, onshore Ethiopia, was drilled to test a prospect in a north-western sub-basin of the vast Chew Bahir basin. The frontier wildcat well encountered lacustrine and volcanic rocks including almost 100 metres of net sandstone reservoir within siltstones and claystones. Trace thermogenic gas shows were recorded at 1,900 metres.
The Exalo 205 rig drilled Shimela-1 to a final depth of 1,940 metres. The rig will now be moved to drill the Gardim-1 wildcat exploration well in a completely separate sub-basin, in the south-eastern corner of the Chew Bahir basin.
Tullow Operates the South Omo Block with 50% equity and is partnered by Africa Oil Corporation (30%) and Marathon Oil Ethiopia Limited B.V. (20%), a wholly owned subsidiary of Marathon Oil Corporation (NYSE: MRO).
Angus McCoss, Exploration Director, Tullow Oil plc, commented today:
“Although the Shimela well only found traces of thermogenic gas, it has provided key data to continue to build our understanding of the north-western part of the Chew Bahir basin. The prospectivity at the Gardim-1 well, which is targeting an independent petroleum system in a separate south-eastern sub-basin, is not affected by this result.
For further information contact:
Tullow Oil plc
(London)
(+44 20 3249 9000)
(+44 20 3249 9000)
Chris Perry
Investor Relations
James Arnold
Investor Relations
George Cazenove
Media Relations
Citigate Dewe Rogerson
(London)
(+44 20 7638 9571)
(+44 20 7638 9571)
Martin Jackson
Shabnam Bashir
Murray Consultants
(Dublin)
(+353 1 498 0300)
(+353 1 498 0300)
Pat Walsh
Joe Heron
No comments:
Post a Comment