VAALCO Energy announces first production offshore Gabon

offshore gabon dsearls flickrVAALCO will monitor the well before deciding on drilling a second development well. (Image source: dsearls/flickr)VAALCO Energy has announced the coming online of the first development well in the North Tchibala 1-H field offshore Gabon

The well was brought online at a rate slightly in excess of 3,000 bpd of oil, leading to about 750 bpd net revenue interest to VAALCO. The well was drilled to a measured depth of approximately 3,400 metres in the undeveloped Dentale reservoir. The Dentale formation is productive in fields onshore Gabon, but this well represents the first offshore Dentale production.

The well was initially brought online using an electrical submersible pump (ESP), but was allowed to produce naturally thereafter. The well is not producing any formation water or hydrogen sulphide and has a strong flowing tubing pressure in excess of 1,000 PSI. VAALCO plans to continue to produce the well without artificial lift while monitoring surface and downhole pressures.

Steve Guidry, CEO of VAALCO, said, “We will monitor production and reservoir performance over the next few months while we complete our workover program at the Avouma/South Tchibala platform to determine the appropriate timing to drill a follow-up North Tchibala development well. We believe this field has significant reserve upside and results from this well over the coming months are important as this will allow us to better understand the potential of the newly-producing reservoir.”

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