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    Drillship on Banda geared toward Chinguetti-4-3

    Fusion announced the Deepwater Discovery drillship on the Banda exploration prospect off Mauritania is expected to begin drilling and will be designated to Chinguetti-4-3. It is an independent geological feature in a 300 m water depth located 21 km to the east of the Chinguetti accumulation. The Banda exploration prospect is within the same reservoir sand system as the Chinguetti and will test a different geological trapping configuration. Fusion estimates that the Banda exploration prospect could hold a potential recoverable resource within 250 to 300 MMbbl. The Chinguetti-4-2 well has been temporarily suspended following mechanical failure of the testing equipment during preparation for a second production test. The JV has decided to temporarily suspend the Chinguetti-4-2 well until the replacement equipment arrives. Following this well's completion, the drillship is scheduled to return to the Chinguetti-4-2 well to conduct a second production test prior to drilling a southerly appraisal well on the Chinguetti accumulation, which is Chinguetti-4-4.

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