Another appraisal well from Kosmos Energy has found oil, gas and condensate in the West Cape Three Points block off Ghana, the company said Thursday.
The Teak-3A well was drilled 2.5 miles north of Teak-1 and hit 115 feet of pay, confirming that its Teak discovery extends to the north, a statement from the NYSE-listed Africa specialist said.
The yield included 43 feet of 36 to 39 API degree oil and 72 feet of gas-condensate pay.
�We are very encouraged by the result, which gives further momentum for additional development of the resources discovered on our operated block,� chief executive Brian Maxted said.
The well was drilled to a total depth of 10,571 feet in 1475 feet of water by the Transocean Marianas semisubmersible rig.
More wells are planned for the area, including Teak-4A in the second quarter of 2012, with more to follow later in the year.
Kosmos is operator on the block with about a 30.9% interest. Anadarko also holds a 30.9% interest, Tullow Oil 26.4%, Sabre Oil & Gas 1.8% interest and Ghana National Petroleum Corp. a 10% carried interest.
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