BP, JV Partner Kosmos Energy Find Major Gas Offshore Senegal
May 08 2017 - 8:02AM
Dow Jones News
By Razak Musah Baba
LONDON--BP PLC (BP.LN) said Monday that a major gas discovery at
the Yakaar-1 exploration well offshore Senegal, has confirmed the
potential scale of project.
The oil giant, along with joint venture partner Kosmos Energy
Ltd. (KOS), said the Yakaar-1 exploration well was drilled to a
total depth of 4,700 meters in nearly 2,550 meters of water in the
Cayar Offshore Profond block by the Atwood Achiever drillship.
"Yakaar-1 follows the earlier exploration success that led to
the Tortue discovery and further confirms our belief that offshore
Senegal and Mauritania is a world-class hydrocarbon basin. This
discovery marks an important further step in building BP's new
business in Mauritania and Senegal," BP's Upstream Chief Executive
Officer Bernard Looney said.
BP and Kosmos will be drill stem testing the Tortue discovery in
mid-2017 and will now drill 3 additional exploration wells over the
next 12 months offshore of Senegal and Mauritania.
BP shares at 1115 GMT up 3 pence, or 0.6%, at 454 pence, valuing
the company at GBP89.38 billion.
Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
(END) Dow Jones Newswires
May 08, 2017 07:47 ET (11:47 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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