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EOV Field Development Plan Moves into Next Stage

Source: www.gulfoilandgas.com 4/12/2006, Location: Africa

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FirstAfrica Oil plc , the upstream African oil and gas company, is pleased to announce that its field development plan for the East Orovinyare Field offshore Gabon (“EOV”) moves into its next stage with the arrival of the GlobalSantaFe Adriatic VI jack-up rig on Thursday, 13 April.

The Adriatic VI will continue the phased drilling programme that commenced in January when the EOV-4 appraisal/development well successfully proved up the eastern flank of the EOV Field.

The field development plan calls for production from four wells to a single unmanned platform tied back to a Floating Production, Storage and Offloading vessel (FPSO). Production of the light crude (37.5 API) will be processed on the FPSO and is expected to commence in late 2006.



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