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JDZ Block 1 - Obo

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Owner:

Type: Oil Field

Status: Oil Discovery

Terrain:

New Oilfield just discovered in the Joint Development Zone Block 1

Working Interests

Updates

Chevron Releases Obo-1 Well Results

26th May, 2006

hexgear

The Nigeria Sao Tome & Principe Joint Development Authority, Chevron and its co-venturers Esso Exploration and Production Nigeria-Sao Tome (One) Limited, and Dangote Energy Equity Resources, have encountered hydrocarbons in the Obo-1 exploration well in Block 1 of the Nigeria Sao Tome and Principe Joint Development Zone.

The Obo-1 well logged a cumulative total of at least 150 feet (45 meters) of net hydrocarbon pay in multiple reservoirs and provided important reservoir rock and liquid samples, which need to be evaluated and integrated into the interpretation of the Obo Area to determine the next step of the appraisal process. At this stage, it is premature to determine whether or not Chevron and its co-venturers have made a commercial discovery.

Source: http://www.gulfoilandgas.com/webpro1/MAIN/Mainnews...

Chevron Commences Drilling of Obo-1 Well

14th January, 2006

hexgear

Afren announces that Chevron, the Operator of Block 1 of the Nigeria - Sao Tome and Principe Joint Development Zone ('JDZ') has confirmed that it has commenced drilling of the first exploration well on this licence on 14 January 2006. The Obo-1 well is located in approximately 1,750m of water (5,750 ft) and should be completed in approximately 60 days, assuming no technical challenges are encountered during the drilling operation. The well is being drilled by the Deepwater Discovery Drillship, which is contracted to Chevron by Transocean.

Source: http://www.infield.com/rigs/news/obo-1-discovery-i...

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