CABINDA GULF OILl Co. (CABGOC) has hit pay with the 79-3XST1 well in block 0 offshore Angola. The well encountered over 69 m of net hydrocarbon pay in the Upper Pinda formation. The well was tested from a single 46-m perforated interval and flowed at a rate of 11.6 MMcfpd of natural gas and 2,550 bpd of liquid hydrocarbons, the company says.

ANGLO-IRISH INDEPENDENT Tullow Oil has reported that the government of Ghana has formally approved the Jubilee field Phase 1 Development Plan and Unitisation Agreement.

ENVIRNOMENTAL AND REGULATORY concerns surround Ghanas plans to start producing offshore oil.