Mahogany #1 (Jubilee Field) – Discovery Well

  • Stacked turbidites of Turonian age
  • Net oil pay 95m (>300ft )
  • Individual pays up to 35m (>100ft ) thick
  • Excellent reservoir characteristics
  • High well deliverability (Mahogany #1 Tested at >20,000bopd)

Expanding the Trend

  • Established position in Cretaceous fan play fairway (8 m illion acres +/ -)
  • 30+ Jubilee type prospects and leads captured
  • 2 discoveries in Sierra Leone, 1st well in Côte d’Ivoire
  • 3 additional major discoveries in Ghana (Tweneboa, Enyenra, and Teak)

The Results

  • Mahogany- 1 (Jubilee) discovery in June 2007
  • Tweneboa (Ghana) discovery in March 2009
  • Venus discovery (Liberian Basin) September 2009
  • Owo (Ghana) discovery July 2010
  • Mercury discovery (Liberian Basin) November 2010
  • 25-30 deepwater industry-wide exploration and appraisal wells planned for 2011 (~$1.6 B)

Summary

Exploration of the Transform Margin of West Africa: Discovery Thinking — Jubilee and Beyond & Exploration of the Tano Basin and Discovery of the Jubilee Field, Ghana: A New Deepwater Game-Changing Hydrocarbon Play in the Transform Margin of West Africa. Discovery Thinking talk given by Greg Jewell at AAPG Annual Convention and Exhibition in Houston, Texas, April 10-13, 2011.