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3/8/2010 - MAUREL & PROM CONFIRM DISCOVERY AT KISSENDA PROSPECT
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Maurel & Prom reveals that the exploration well OMOC-N-1, drilled in the Onal AEE, has identified a 111-metre column of oil in the Grès du Kissenda prospect. Pump tests have established a flow of 1,700 BOPD with an API of 33.4. The company notes that the characteristics of this oil are similar to Onal’s so it can be processed and evacuated using existing facilities. The development expenditure for this discovery will be limited to the amount of the drilling wells and of the installation of pipeline linking them to the Onal field facilities.
The discovery of this oil accumulation confirms the extension of the Grès du Kissenda in the Onal AEE and the importance of this new exploration theme for the entire eastern edge of the Gabon coastal basin where the company has significant exploration acreage.
Maurel & Prom (85%) operates the Onal production license and is partnered by Tullow (7.5%) and AIC-Petrofi (7.5%).
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