Kudu-8 disappoints

Tullow Oil Plc. says the Kudu-8 appraisal well has been drilled to a TD of 4,355 m (14,288 ft), but will not be flow tested.

Offshore staff

LONDON -- Tullow Oil Plc. says the Kudu-8 appraisal well has been drilled to a TD of 4,355 m (14,288 ft), but will not be flow tested. Tullow drilled the well to test the potential for additional reserves within the Greater Kudu field area, offshore Namibia.

The well encountered the targeted gas bearing reservoir sands at 4,299 m (14,104 ft). These sands were thicker and of a better quality than those in Kudu-5; however, the reservoir permeability was lower. The results of the logging program indicated production from the well would not exceed the 19 MMcf/d rate recorded at Kudu-5. The joint venture has decided not to flow test the well, which now has been plugged and abandoned.

ThePride South Seas rig contract will be terminated following this well, Tullow says.

"The result of the Kudu-8 well is a disappointment for Tullow," says Aidan Heavey, chief executive of Tullow. "Despite encountering improved reservoir development, it has not proved possible to demonstrate commercial flow rates at this location and significant technical and geological work will now be undertaken to determine the best future program for the area. Tullow does not expect this result to impact on the progress of the Kudu gas-to-power project and remains committed to the joint venture and will continue the process of developing this important Namibian natural resource."

9/19/2007

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