Friday 25 October 2013

CONGO: CNOOC Makes Oil and Gas Discovery

Operator CNOOC has made an oil and gas discovery with the E-1 exploration well on the Elephant prospect in Haute Mer A licence area. Partner Oryx Petroleum said the discovery would be tested in early 2014 as part of a multi-well drilling and testing programme on the block. "Reservoir quality, crude quality and viscosity appear to be better than originally anticipated while the areal extent of the reservoir appears to be slightly smaller than expected", said Oryx chief operating officer Henry Legarre. "Although subject to testing, the discovery gives us confidence that there is further upside potential and opportunity to expand the prospect inventory in the licence area".

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