Gas Discovery at Bangora
Tullow Oil PLC
29 November 2004
Tullow Oil plc
29th November 2004
Tullow Oil Announces Gas Discovery at Bangora Well, Bangladesh
Tullow Oil, as Operator of Block 9, is pleased to announce the test results for
its gas discovery at Bangora, Bangladesh. The Bangora-1 well was drilled to a
depth of 3,636m and encountered a number of gas bearing reservoirs between
2,580m and 3,285m. Having completed the well, the three lowermost zones were
production tested, recording an aggregate flow rate in excess of 120 mmscfd.
The lowermost E Sand flowed gas at rates of up to 24.5 mmscfd. The D Sand (87m
gross thickness) was tested in two separate tests: the Lower D Sand tested at a
rate of 41.2 mmscfd and the Upper D Sand tested at 56.0 mmscfd. Gas quality is
high, with 99.13% combustible gases. Shallower gas bearing sands will be tested
at a later date.
The well will be suspended as a future production well. Tullow intends to carry
out a comprehensive appraisal programme over Bangora and the earlier Lalmai
discovery, including further seismic, drilling and/or extended well testing.
Aidan Heavey, Chief Executive of Tullow commented:
'We are delighted with the better than expected test results from the Bangora-1
well which flowed at an aggregate rate of 120 mmscfd. Following on from the
earlier discovery at Lalmai, we have now had gas discoveries at each end of a 40
km long anticlinal structure. We intend to carry out an accelerated appraisal
programme and deliver gas to the market at an early date.'
For Further Information Contact:
Tullow Oil plc (+44 20 7333 6800)
Aidan Heavey
Tom Hickey
Kevin Quinn
Citigate Dewe Rogerson (+44 207 638 9571)
Martin Jackson
Alexandra Scrimgeour
Murray Consultants (+353 1 498 0300)
Joe Murray
Notes for Editors -
'Tullow' where referred to in this release means Tullow Oil plc and/or its
subsidiaries, as appropriate
Tullow Oil plc is one of the leading Independent International Oil & Gas
Exploration and Production companies in Europe. Tullow is quoted on the London
and Irish stock exchanges (symbol TLW) and is a member of the FTSE 250 Index.
Production and Development Assets
Tullow has interests in over ninety exploration and production licences spread
over three core areas: UK North Sea, West Africa and South Asia. Tullow
recently completed the acquisition of Energy Africa, which takes the number of
countries in which Tullow is active to sixteen.
In the North Sea, Tullow's principal interests are in the CMS and the Thames/
Hewett group of licences and the Bacton onshore gas-processing terminal on the
Norfolk coast.
In Africa, Tullow has production in Gabon, Cote d'Ivoire, Congo (Brazzaville)
and Equatorial Guinea. Tullow also has exploration programmes in Morocco,
Mauritania, Senegal, Cameroon, Uganda and Egypt.
In South Asia, Tullow has production and exploration interests in Pakistan and
exploration activities in India and Bangladesh, where a three well drilling
programme has just completed in Block 9.
Tullow was awarded Block 9 in April 2001 and holds a 30% operated interest,
partners are Niko Resources (60%) and Bapex (10%).
For further information see www.tullowoil.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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