Hess reports drilling results offshore Ghana

Hess Corp. announced that it has completed drilling its seventh exploratory well, Pecan North-1, on deepwater Tano-Cape Three Points block offshore Ghana. Pecan North-1 found 40 ft of net oil pay in Turonian-aged reservoir. The well was drilled in 7,411 ft of water about 7 miles northeast of the Pecan-1 well.

Pecan North-1 follows several previously reported discoveries. These were Cob, 31 ft net oil pay; Pecan 1, 245 ft net oil pay; Almond-1, 53 ft net oil pay; Beech-1, 146 ft net oil pay; Hickory North-1, 98 ft net gas condensate pay; and Paradise-1, 120 net ft oil pay and 295 net ft gas-condensate pay. The water depths of these wells were 5,623 to 8,245 ft.

Hess states that it has achieved outstanding drilling performance for drilling time and cost per foot. The gross costs per well for the last three wells averaged $40 million/well, including success case logging. Hess now plans to submit appraisal plans for its discoveries to the Ghanaian government for approval on or before June 2.

Hess is license operator with 90% interest Ghana National Petroleum Corp. has 10% (OGJ Online, Dec. 12, 2012).

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