Repsol makes a new offshore oil discovery in Sierra Leone

Source: Repsol

Repsol and its partners, Anadarko Petroleum and Tullow Oil, have made a new hydrocarbons discovery offshore Sierra Leone. The Jupiter-1 well was drilled in an area that already has produced successful results in 2010 and 2009, confirming the significant potential of this region in Africa.

The consortium (Repsol 25%, Anadarko, operator, 55% and Tullow Oil 20%), drilled the Jupiter-1 well in block SL-07B-11, to a total depth of 6,465 meters (21,212 feet) in 2,199 metres of water. The well encountered net pay of 30 meters. The partners plan to drill an appraisal well, Mercury-2, to evaluate existing resources and to determine their quality.

The Jupiter-1 find follows the discoveries in the area of the Venus B-1 well, drilled in 2009, and the Mercury-1 well, drilled in 2010. This is an area which, until now, has been largely unexplored and which is confirming its importance for the industry.

For the most up to date and in-depth information on the offshore oil market visit PennEnergy's comprehensive Research area to access industry focused Reports.