Amerada Hess makes another oil discovery off Equatorial Guinea

A hot play area off West Africa has proven even hotter following a Mar. 25 announcement made by Amerada Hess Corp. reporting an oil discovery made off Equatorial Guinea on Block G in the Rio Muni basin. The discovery, called Elon, was made by the G-8 well and found 157 ft of net oil pay, Amerada Hess said. The well was drilled to 5,977 ft TD in 210 ft of water.

March 26, 2002

By OGJ editors
HOUSTON, Mar. 26 -- A hot play area off West Africa has proven even hotter following a Mar. 25 announcement made by Amerada Hess Corp. reporting an oil discovery made off Equatorial Guinea on Block G in the Rio Muni basin. The discovery, called Elon, was made by the G-8 well and found 157 ft of net oil pay, Amerada Hess said. The well was drilled to 5,977 ft TD in 210 ft of water.

Elon is 15 miles northeast of Amerada Hess's Ceiba field and 6 miles southeast of the recently announced Akom discovery, which was made in late February by the G-7 well and found 162 ft of net oil pay. Akom was drilled to 8,140 ft TD in 1,456 ft of water.

"Importantly, the G-8 well has established an extension of the play fairway into the shallower water portion of the Rio Muni basin," explained Brian Maxted, Amerada Hess's executive, West Africa operations.

Amerada Hess holds 85% working interest in and is operator of Block G. South Africa's Energy Africa Ltd. holds the remaining 15% interest in the block.