Afren evaluating Keta block offshore Ghana

Afren is undertaking technical evaluation of the Keta block offshore Ghana incorporating the results of the Cuda-1x well.

Offshore staff

LONDON -- Afren is undertaking technical evaluation of the Keta block offshore Ghana incorporating the results of the Cuda-1x well. The company also is evaluating further prospects and considering options for drilling on the block.

The Cuda-1x exploration well, drilled by the drillshipTransocean Deepwater Discovery, was spudded in November 2008. The well was targeting a Cretaceous structure expected to contain 325 MMbbl of mean prospective resources in a setting comparable to those successfully proven by the recent Jubilee and Odum discoveries in the country. Unfortunately operations were terminated due to abnormally high pressures that were encountered at the top of the Cretaceous. The primary objective of the well remains untested and is still considered highly prospective, the company says.

040/06/2009

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