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Tullow’s latest Ghanaian exploration unsuccessful

20 Apr 2010 08:36 (+01:00 GMT)

Johannesburg, 20 April (Argus) — UK-listed Tullow Oil and its partners have failed to find oil at the Dahoma-1 exploration well in Ghana's offshore West Cape Three Points licence. It is the first of Tullow's 12 wells drilled offshore Ghana not to have discovered oil.

Dahoma-1 was drilled 11km south of the Mahogany-3 well to explore a prospect within the southeast Jubilee area, outside of the main Jubilee area, Tullow Oil said today.

Production at the Jubilee field will ramp up to 120,000 b/d within six months of its start-up in the fourth quarter of this year. The first cargo is expected in December this year or January 2011.

Tullow has a 22.896pc stake in the West Cape Three Points licence with its partners US independent Kosmos Energy with 30.875pc, US independent Anadarko 30.875pc and Ghanaian firms EO Group with 3.5pc and Sabre Oil & Gas with 1.854pc. Ghana's state-owned GNPC also has a 10pc interest.

Kosmos is currently in talks with Ghana's government to sell its upstream interests in the west African country.

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