More oil and gas discovered

Tullow Oil says it has made a discovery at its licence in offshore Ghana, revealing oil, gas and gas condensate.

The find was made at the Teak-2 exploration well in the West Cape Three Points licence, in which Tullow has a 22.896 per cent interest, and included 27 metres of net hydrocarbon bearing Campanian and Turonian reservoirs.

The company said yesterday that the well was targeting an undrilled fault block between the Jubilee field and the Teak-1 discovery.

Six metres of net oil and gas pay were found at the top of good quality Campanian reservoirs, Tullow said.

Anadarko well strikes oil offshore Ghana

Anadarko Petroleum Corp said on Monday that one of its exploration wells encountered high-quality oil off the coast of Ghana, the latest in a string of discoveries for the U.S. oil and gas firm in African waters.

The Teak-2 exploration well encountered about 90 net feet of high-quality oil, Anadarko said.

"We continue to work with our partners and the Republic of Ghana to advance our exploration and appraisal programs," Bob Daniels, a senior vice president, said.

The Teak-2 well was drilled to a total depth of 11,185 feet in water depths of about 2,900 feet, the company said.

Anadarko owns a 30.875 percent working interest in the West Cape Three Points licence block, which is operated by Kosmos Energy, also with a 30.875 percent working interest.

Other co-owners in the block include Britain's Tullow Oil Plc (TLW.L), which holds 22.896-percent working interest.

In February Anadarko's Teak-1 exploration well encountered a total of about 240 net feet of oil. The company also struck natural gas in waters