VAALCO Energy has successfully drilled, completed and placed on production the ETBNM-3 gas-supply well on the North Tchibala structure offshore Gabon, with reservoir properties coming in above pre-drill estimates, including strong porosity and permeability and more than 10 metres of net reservoir pay.
The well is expected to supply sufficient gas for field operations, liftings and power needs, significantly cutting the cost of higher-priced diesel used previously. VAALCO is also evaluating the potential of shallower pay intervals encountered during drilling that appear to contain wet gas to light oil. The company has since moved its rig to a new slot on the SEENT platform to begin drilling the ETSEM-3PH pilot hole and development well, designed to test the original field’s oil-water contact ahead of a planned horizontal development well.
VAALCO chief executive George Maxwell said the new gas well won’t add production directly but should reduce diesel-related costs, improve field uptime and potentially boost output from existing wells over time, as the company continues to focus on growing production, reserves and shareholder value across its portfolio.
Source: energy-pedia.com
