Anadarko Announces Ghana Oil Discovery

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A day after announcing a major natural gas find off the coast of Mozambique, Anadarko Petroleum, the second-largest U.S. independent oil and natural gas producer, said that one of its wells operating off the coast of Ghana found evidence of oil. The company said the find boosts the chances of a turning up a significant discovery in the area.

Texas-based Anadarko (APC) said in a statement its Akasa-1 exploration well on the West Cape Three Points Block encountered 108 net feet (33 meters) of primarily high-quality, oil-bearing pay from four main Turonian-aged sand packages, similar to those found in the Jubilee and Mahogany East areas.

The well was drilled to a total depth of approximately 12,850 feet (3,920 meters) in approximately 3,800 feet (1,160 meters) of water, Anadarko said in the statement. Kosmos Energy (KOS) and Anadarko both hold interests of nearly 31% in the project.

Anadarko, one of the most active Western oil companies in Ghana, also said its Tweneboa discovery on the Deepwater Tano Block showed sustained rates of approximately 3,500 barrels of oil per day and 30 million cubic feet of natural gas per day during a recent flow test.