| Wed 30 Jan 2002, 0:00 | | Energy Africa Limited - Energy Africa Announces Fu |
|
In Equatorial Guinea
Energy Africa Limited
Registration number : 1995/007140/06
(Incorporated in the Republic of South Africa)
SHARE CODE : ENR
ISIN CODE : ZAE000010427
ENERGY AFRICA ANNOUNCES FURTHER EXPLORATION SUCCESS
IN EQUATORIAL GUINEA
Energy Africa is pleased to announce its fourth exploration success in the
Rio Muni Basin, offshore Equatorial Guinea. The Ebano discovery made with
the F-2 well in Block F and confirmed with a sidetrack into Block G, is
located 4.5 km north of the Okume-1 discovery well. The sidetrack
intersected a net interval of 55 metres of excellent quality reservoir
sandstones updip of the oil reservoir in the original well-bore, indicating
a minimum oil column of 226 metres.
Energy Africa Chief Operating Officer, Adrian Nel, said "the Ebano discovery
is further confirmation of our ability to distinguish reservoir-related
seismic responses and we are confident of continuing exploration success in
our Rio Muni acreage".
The operator of Blocks F and G in Equatorial Guinea is Amerada Hess
Corporation. A copy of their press release is attached.
30 January 2002
For more information about Energy Africa see: www.energyafrica.com.
Enquiries:
In Cape Town:
Energy Africa Ltd
Adrian Nel
+27 21 400 7600 or +27 82 806 8118
Corporate Image
Tamra Veley
+27 21 426 1233
In London:
College Hill
Nicholas Williams
+44 7767 242 566
AMERADA HESS ANNOUNCES THE EBANO OIL DISCOVERY OFFSHORE EQUATORIAL GUINEA
(New York, New York - January 30, 2002)Amerada Hess Corporation (NYSE: AHC)
reports that it has made another significant oil discovery offshore
Equatorial Guinea in the Rio Muni Basin. The discovery, named Ebano, was
made by the F-2 well, which was drilled to a total depth of 11,011 feet in
approximately 2,052 feet of water in Block F. The find was confirmed by a
geological sidetrack in Block G, which was drilled to a total depth of 9,446
feet. Analysis of downhole measurements indicates the Ebano-1 sidetrack
exploration well has gross oil pay of 300 feet, with 181 feet true vertical
depth of net oil bearing pay between 7,469 and 7,756 feet. The oil has an
API gravity of 36.5 degrees. The well is located about 10 miles northeast
of Amerada Hess' Ceiba Field and encountered reservoirs similar in quality
to those of the Ceiba Field and the recently announced Okume and Oveng
discoveries, with comparable porosity and permeability.
"We are extremely pleased to make our third successive find offshore
Equatorial Guinea following the discovery and development of the Ceiba
Field. This continuing success is further confirmation of the significant
prospectivity of our assets in the Rio Muni Basin offshore Equatorial
Guinea," said Brian Maxted, Amerada Hess' executive in charge of West Africa
operations.
Once operations at the Ebano-1 sidetrack location are complete, Amerada Hess
will spud an exploration well in Block G about 3 miles southeast of the
Ebano discovery.
Amerada Hess has an 85% working interest in and is the operator of Block F
and adjacent Block G. Amerada Hess' partner in the blocks is Energy Africa
Ltd. of South Africa, which has the remaining 15% working interest. The
government of Equatorial Guinea has a 5% carried interest in Ceiba Field
production and would have a carried 5% participating interest in any Okume,
Oveng and Ebano area commercial production.
About Amerada Hess Corporation
Amerada Hess, headquartered in New York, is a global integrated energy
company engaged in the exploration for and the production, purchase,
transportation and sale of crude oil and natural gas, as well as the
production and sale of refined petroleum products.
CONTACT:
AMERADA HESS CORPORATION
C.T. TURSI (212) 536-8593
