By OGJ editors
HOUSTON, Jan. 9 -- Tullow Oil PLC has completed a farmout agreement with Devon Energy Corp. subsidiary Ocean Angola Corp. to take a 15% interest in Block 24 in the Southern Kwanza basin off Angola.
The 4,763 sq km block, operated by Devon, is covered by good quality 3D seismic data. It lies in 750-1,600 m of water west of the adjacent Block 10, in which Tullow recently participated in two wells, having acquired a 15% interest in a farmout from Sonangol P & P.
In the northeastern area of Block 24, the Kabetula-1 well, drilled to test a Lower Miocene objective, reached 1,818 m TD on Dec. 30, 2005, but did not discover hydrocarbons. It is being plugged and abandoned.
