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Tullow Oil Says Ivory Coast Well Determined Down of Paon 2013-12-18 07:12:23.332 GMT
By Chris Malpass Dec. 18 (Bloomberg) -- Tullow says Paon-2A oil well in CI-103 license offshore of Ivory Coast encountered water below the oil accumulation found at Paon-1X well. * Says total hydrocarbon column of Autruche field inferred to be up to 700 meteres * Says Paon-2A well identified likely depth of oil water contact * Tullow reviewing resource range, future monetization options * Well didn’t encounter oil at this location, reducing upside volume potential associated with Autruche field * NOTE: Tullow has 15% plus 15% carried interest in CI-103 license, Anandarko has 55%, Petroci has 5% plus 10% carried interest
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To contact the editor responsible for this story: Chris Malpass at +49-30-70010-6234 or cmalpass@bloomberg.net