Hess Hits Two out of Three Times in Africa

Thursday, December 18, 2008

Two success stories and one failure is the news coming from Hess Corp. regarding its African drilling program. In Libya the company’s A1-54/01 well in the Arous Al-Bahar prospect on Area 54 offshore in the Sirte Basin was drilled to a depth of 11,077 ft in 2,807 feet of water and encountered a gross hydrocarbon section of approximately 500 ft at various intervals.

Egypt provided the company another successful venture on its West Mediterranean Concession (Block 1) with the drilling of the Dekhila-1x well. The well was drilled to a depth of 8,881 ft in 3,883 ft of water and encountered a gross hydrocarbon section of 148 ft at multiple intervals. Hess holds a 55% working interest in the production sharing arrangement with the state company EGPC. The company’s partners are RWE Dea (35%) and Kufpec (10%). Hess said that the results of Dekhila-1x will be incorporated into engineering studies for the wider West Med development.

In Ghana, Hess has completed drilling operations on the Ankobra-1 well, located on the Deepwater Tano Cape Three Points License. According to the company, no commercially significant hydrocarbons were encountered during drilling. The well was drilled to a depth of 13,000 ft in 5,682 ft of water. Hess holds a 90% interest in the license in partnership with Ghana National Petroleum Company. Hess is currently acquiring 625 square miles of new 3D seismic in anticipation of a well to be drilled in the unexplored western half of the license area.

John O’Connor, President of Worldwide Exploration and Production, said: “The results of our drilling in Libya and Egypt have been very positive and provide further encouragement as we pursue our high-impact exploration strategy.”

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Petroleum Africa

Hess Hits Two out of Three Times in Africa

Petroleum Africa On-The-Go

Hess Hits Two out of Three Times in Africa

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