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*Tullow Oil finds “second” Kingfisher *


Published Sep 3, 2008
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Tullow Oil updates Africa activities

Tullow Oil has reported that its Kingfisher No. 2 has tested 14,364 barrels per day of oil and looks a lot like the Kingfisher No. 1 well which improved company fortunes along the Lake Albert shoreline in Uganda.

Once believed to hold 118 million barrels of oil, the company said Kingfisher reserves will have to be updated after the 37 metres of net vertical oil pay found at its newest well.

Kingfisher 1, which cheered shareholders in Tullow, test-flowed 9,773 bpd, but management said it now believes the lower oil-bearing sands of both wells to be “the same reservoir”.

A Kingfisher 3 well on Block 3A is now in the works.

In Block 1, the first well Tullow will drill is at the Warthog prospect, followed by Buffalo and Giraffe.

Tags: Tullow Oil




   

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