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Article: New oil finds in Eq. Guinea. (Oil and Gas).
- Article from:
- African Business
- Article date:
- May 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 IC Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Amerada Hess has made another sub-stantial find in the Rio Muni Basin, off-shore Equatorial Guinea. The Akom discovery in the Block G was made in 443m of water, at a total depth of 2,481m, encountering 49m of net pay. The announcement follows hot on the heels of the Ebano discovery, three kilometres to the north west, in another of the US independent's concession areas, Block F. In January 2002, over l00m of net pay was encountered by an exploration well on Ebano.
In addition to the Ceiba, Okume and Oveng fields, the discoveries confirm the oil wealth in the maritime territory surrounding Equatorial Guinea. Lying 20km to the north east of Ceiba. the Ovene-l well ...