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Anadarko announces discovery offshore Sierra Leone

Anadarko announced on Wednesday a deepwater discovery at the Venus exploration well in Block SL 6/07 offshore Sierra Leone.

The Venus B-1 well was drilled to a total depth of about 18,500 feet in about 5,900 ft of water and encountered more than 45 net ft of hydrocarbon pay. Venus is the first deepwater test in the Sierra Leone-Liberian Basin.
 
“The Venus discovery confirms the existence of an active petroleum system in the basin and enhances the prospectivity of our vast West Africa acreage position,” said Anadarko executive Bob Daniels. “With Jubilee on the east and Venus on the west, we have established bookends spanning approximately 1,100 kilometers across two of the most exciting and highly prospective basins in the world.”

Anadarko and its partners are evaluating the initial results of the well, and anticipate additional drilling in the area. The Venus prospect is one of Anadarko’s more than 30 identified prospects and leads on its West Africa acreage position, which includes interests in almost 8 million acres across 10 blocks offshore Sierra Leone, Liberia, Cote d’Ivoire and Ghana. Anadarko operates seven of the blocks and the majority of the identified prospects with an average working interest of about 40 percent.

The company plans to continue its West Africa drilling operations in the Cretaceous Trend by drilling the South Grand Lahou exploration well in Block CI 105 offshore Cote d’Ivoire once activities are completed at the Venus discovery well.

Anadarko operates the Venus well with a 40% interest, along with partners Woodside (25%), Repsol (25%) and Tullow (10%).

09/17/2009

 

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