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Wednesday, 11 September 2013

Tullow comes up Empty Offshore Mozambique

Tullow Oil says the Buzio-1 exploration well in Area 2 offshore Mozambique has not encountered hydrocarbons and, following the completion of logging operations, has been plugged and abandoned.

The Buzio-1 well is the second deep water exploration well drilled in Area 2 and targeted stratigraphic traps in channel systems of Tertiary and Upper Cretaceous ages. Good-quality water-bearing reservoir sandstones were found in both targets. The Discoverer Americas dynamically positioned drill ship drilled Buzio-1 to a final depth of 3,333 metres (m) in water depths of 1,534 m.

Tullow has a 25% interest in Areas 2 and 5 in the Romuva Basin, offshore Mozambique. Statoil 40% are the operator while Inpex have a 25% non-operated interest. Empresa Nacional de Hidrocarbonetos has a 10% carried interest.

Angus McCoss, exploration director at Tullow Oil plc, commented: “Having encountered hydrocarbons with the Cachalote-1 well, we have acquired valuable information from the Buzio-1 dry hole. We will now combine the data from both offshore Mozambique wells with our extensive seismic in this licence area and determine our next steps”.