Gulf Oil and Gas accountACCOUNT

Vaalco Provides Update on Mutamba Iroru Block

Source: www.gulfoilandgas.com 11/8/2012, Location: Africa

VAALCO Energy, Inc announced that the N'Gongui 2 exploration well being drilled onshore Gabon in the Mutamba Iroru concession has encountered hydrocarbons in the objective Gamba sandstone section.

Robert Gerry, Chairman and CEO, commented: "With our partner, Total Gabon, we have elected to drill this well as a "tight hole" and therefore specifics of the operation will not be released until a later date. Suffice to say that VAALCO is excited about the results as the reservoir encountered is the same oil bearing sandstone that produces so prolifically from our offshore fields in Gabon. We are presently conducting additional operations to ascertain the size of the reservoir, reserves and plan of development."

The discovery is located approximately six miles south of the producing Atora field operated by Total Gabon, and future development plans will investigate connecting into the field's export pipeline.

VAALCO, as operator, and Total each share a 50% working interest in the joint operation on the 270,000 acre Mutamba Iroru block, located onshore near the coast in central Gabon. The block is subject to an 18% Gabon government back-in interest in the event of a development.

Drilling News in Gabon >>

Norway >>  5/27/2020 - The Norwegian Petroleum Directorate has granted OMV Norge AS a drilling permit for well 6506/11-12 S, cf. Section 15 of the Resource Management Regula...
United Kingdom >>  5/27/2020 - Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, provides an updat...

Australia >>  5/25/2020 - Warrego Energy Limited (WGO) (Warrego) is pleased to announce that it has received commitments for a $15 million two-tranche placement to institutiona...
Australia >>  5/21/2020 - JV partner Norwest Energy reports that operator Energy Resources has received approval from the Department of Mines, Industry Regulation & Safety in r...

Australia >>  5/18/2020 - Warrego Energy Limited (WGO), provides the following update in relation to Contingent and Prospective Resources for the West Erregulla gas field follo...
Norway >>  5/18/2020 - Equinor Energy AS, operator of production licence 827 S, has concluded the drilling of wildcat well 35/10-6. ...

Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


Gabon Oil & Gas 1 >>  2 | 3 | 4 |

Oil & Gas Projects in Gabon >>

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.