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PanOcean Announces Commencement of Avouma Platform and Pipeline Installation

Source: www.gulfoilandgas.com 7/7/2006, Location: Africa

Pan-Ocean Energy Corporation Limited announced that the production platform has arrived at its Avouma field, offshore Gabon, West Africa. A 16 kilometre pipeline connecting the platform to the Floating Production, Storage and Offloading facility located over the Etame field is expected to be completed in the next week.

The Avouma field, discovered in 2004, is expected to produce approximately 10,000 barrels oil per day (“bopd) (3,136 bopd net PanOcean) from two horizontal wells when production begins late in the year. Drilling at the site is expected to begin in October. Avouma will be the second field on the Etame Marin Permit to come on production. The first field, Etame, which was developed in 2002, is currently producing approximately 18,000 bopd (5,645 bopd net PanOcean) and continues to perform to expectations.

In addition the Company announced that the Etame co-venturers have received Gabon government approval for an Exclusive Exploitation Area around the Ebouri discovery, made in 2004. A development plan is expected to be filed with the government in September. The Ebouri field is currently planned to commence production in late 2007 at approximately 5,000 bopd (1,568 bopd net PanOcean).

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Related Categories: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 

Related Articles: Diving Contractors  Dredging  FPSO Vessels and Equipment  General  Marine Services  Mooring Systems  Offshore Platforms  Subsea Production 


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