Anadarko Petroleum (APC) Announces Light Oil Discovery at Akasa-1 Well
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Anadarko Petroleum Corporation (NYSE: APC) announced a light oil discovery at the Akasa-1 exploration well on the West Cape Three Points Block offshore the Republic of Ghana. The well 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. Samples recovered from the Akasa-1 well indicate oil of approximately 38 degrees API gravity.
Anadarko has a 30.875% working interest in the West Cape Three Points Block. Other partners in the block include Kosmos Energy (30.875-percent working interest and operator), Tullow Oil plc (26.396-percent working interest), Sabre Oil & Gas Holdings Ltd (1.854-percent working interest) and the Ghana National Petroleum Corporation (10-percent carried interest).
Anadarko has a 30.875% working interest in the West Cape Three Points Block. Other partners in the block include Kosmos Energy (30.875-percent working interest and operator), Tullow Oil plc (26.396-percent working interest), Sabre Oil & Gas Holdings Ltd (1.854-percent working interest) and the Ghana National Petroleum Corporation (10-percent carried interest).
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