OIL DISCOVERY OFFSHORE SIERRA LEONE
ANADARKO PETROLEUM CORPORATION TODAY ANNOUNCED THE JUPITER-1 DISCOVERY WELL OFFSHORE SIERRA LEONE ENCOUNTERED APPROXIMATELY 98 NET FEET (30 METRES) OF HYDROCARBON PAY IN UPPER CRETACEOUS-AGE RESERVOIRS. THE JUPITER-1 WELL IS LOCATED IN OFFSHORE BLOCK SL-07B-11 MORE THAN 15 MILES (25 KILOMETERS) FROM THE MERCURY-1 DISCOVERY WELL. ANADARKO OPERATES BLOCK SL-07B-11 WITH A 55 PERCENT WORKING INTEREST. CO-OWNERS IN THE BLOCK INCLUDE REPSOL EXPLORACION SIERRA LEONE, S.L. (25-PERCENT WORKING INTEREST) AND TULLOW SIERRA LEONE B.V. (20 PERCENT WORKING INTEREST). JUPITER-1 IS THE COMPANY’S THIRD DEEP WATER WELL, AND WAS DRILLED TO A TOTAL DEPTH OF APPROXIMATELY 21,212 FEET (6,465 METRES) IN WATER DEPTHS OF APPROXIMATELY 7215 FEET (2,199 METRES) ON THE SIERRA LEONEAN SIDE OF THE SIERRA LEONE/LIBERIA BASIN.
ANADARKO HAS CONFIRMED THAT THE JUPITER-1 DISCOVERY ALSO DEMONSTRATES THE PRESENCE OF A WORKING PETROLEUM SYSTEM GENERATING AND PRESERVING HIGH QUALITY OIL AND GAS.
THE GOVERNMENT OF SIERRA LEONE CONGRATULATES ANADARKO AND ITS PARTNERS INVOLVED IN THE JUPITER DISCOVERY AND LOOKS FORWARD TO THEIR CONTINUED COLLABORATION WITH THE SIERRA LEONE PETROLEUM DIRECTORATE TO ACCELERATE APPRAISAL ACTIVITY IN ORDER TO ASCERTAIN COMMERCIALITY FOR FUTURE PRODUCTION OF OIL AND GAS IN SIERRA LEONE.
STATE HOUSE
FREETOWN
21ST FEBRUARY, 2012
