Kosmos Energy finds light oil offshore Ghana

Kosmos Energy says it has discovered light oil at the Akasa-1 exploration well on the West Cape Three Points Block offshore Ghana today August 24, 2011.

The Texas-based oil company who generated revenue of $124.1 million from the sale of crude oil at the Jubilee fields says, “Full analysis of the well results, including wireline logs, reservoir pressures and fluid samples, confirms that the well penetrated 33 meters (108 feet) of oil-bearing pay in four good-quality Turonian-aged sand packages.”

According to Kosmos, oil samples recovered from the Akasa-1 well indicate 38 degrees American Petroleum Institute (API) gravity, an instrument used to measure how heavy or light a petroleum liquid is as compared to water.

The New York Stock Exchange listed company also announced the successful flow test rates at the Tweneboa discovery on the Deepwater Tano Block.

“At Tweneboa-4, the flow test resulted in sustained rates of approximately 3,500 barrels of condensate per day and 30 million cubic feet of natural gas per day. A drill stem test at the Tweneboa-2 well achieved flow rates of 6,500 barrels of oil per day and 5 million cubic feet of natural gas per day. The data from these tests is being used to optimize development plans for the Tweneboa/Enyenra complex,” it said in a press release.

By Ekow Quandzie