Discovery Boosts Prospects Of New W Africa Oil Basin
Posted: Mon Nov 15, 2010 3:50 pm
http://online.wsj.com/article/BT-CO-201 ... 03764.htmlLONDON (Dow Jones)--Anadarko Corp.'s (APC) second oil discovery offshore Sierra Leone further demonstrates that a new stretch of the West African coast has the potential to become a productive oil basin, the company and its partners said Monday.
"The Mercury well demonstrates that the stratigraphic trapping systems we've identified are working, and that the petroleum system is generating high-quality oil," said Anadarko's Senior Vice President for Worldwide Exploration Bob Daniels. "These results continue to build momentum in the basin and enhance our confidence."
"This is a large oil play with significant potential for future offshore exploration in West Africa," said a spokesman for Repsol YPF (REP), one of Anadarko's partners in the well.
