Amerada Hess finds more oil in Rio Muni basin off Equatorial Guinea

Amerada Hess Corp. has found oil at its Ebano prospect in the Rio Muni basin off Equatorial Guinea. Ebano is on Blocks F and G in 2,052 ft of water.

HOUSTON, Jan. 30 -- Amerada Hess Corp., New York City, has found oil at its Ebano prospect in the Rio Muni basin off Equatorial Guinea.

Ebano is on Blocks F and G in 2,052 ft of water. Amerada Hess said the 11,011 ft F-2 discovery well and a 9,446 ft sidetrack on adjacent Block G confirmed a 300 ft gross pay interval with 181 ft TVD of net oil-bearing pay at 7,469-7,756 ft.

The oil is 36.5°-gravity.

The discovery is 10 miles northeast of Amerada Hess's Ceiba field and tested reservoirs similar to the Ceiba, Okume, and Oveng discoveries.

"We are extremely pleased to make our third successive find offshore Equatorial Guinea following the discovery and development of the Ceiba field," said West Africa executive Brian Maxted.

Once operations at the sidetrack well are completed, Amerada Hess plans to spud a well on Block G about 3 miles southeast of Ebano.

Amerada Hess operates Block F and Block G with 85% working interest. South African company Energy Africa Ltd. holds the rest.

The government of Equatorial Guinea would have a carried 5% participating interest in any Ebano-area commercial production.

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