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Kosmos Energy Makes Second Oil Discovery Offshore Ghana

Source: www.gulfoilandgas.com 2/25/2008, Location: Africa

Kosmos Energy announced that the company has made a second significant oil discovery offshore the Republic of Ghana on the West Cape Three Points Block. The Odum-1 exploration well has confirmed another oil accumulation on the block based on the results of drilling, wireline logs and reservoir fluid samples. The Odum-1 well, which tested a different prospect than the company's Mahogany-1 discovery well, has been suspended as a future development well.

The Odum-1 well encountered a gross oil column of 60 meters (197 feet), which consisted of high-quality stacked reservoir sandstones and net oil-bearing pay of 22 meters (72 feet). Samples recovered from the reservoir indicated an oil gravity of approximately 29 degrees API. The Odum-1 well, which was drilled in water depths of 955 meters (3,151 feet), reached a total depth of 3,386 meters (11,109 feet). The well is located approximately 13 kilometers east of the Mahogany-1 well and the Jubilee Field.

Kosmos and its block partners used the "Songa Saturn" drillship to drill the Odum-1 well. When operations on the Odum-1 well are completed, the "Songa Saturn" will drill a second appraisal well of the Jubilee Field as part of the company's 2008 multi-well appraisal program. Kosmos and its partners conducted a high-resolution 3D seismic survey of 940 square kilometers (232,280 acres) over the Jubilee Field and adjacent areas in December 2007 following the company's announcement of the Mahogany-1 oil discovery in mid-June 2007.

This is the second exploration well drilled by Kosmos and its partners under the West Cape Three Points Block's seven-year exploration agreement.

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