Gulf Oil and Gas accountACCOUNT

Vaalco Energy Provides Update On Operations

Source: www.gulfoilandgas.com 2/27/2014, Location: Africa

Vaalco Energy, Inc. provided the following update on recent activities.

The exploration well in the Dimba prospect, located approximately seven miles northeast of the Etame field offshore Gabon, has been drilled to a total depth of 3,040 meters. Electric log data indicates that the estimated recoverable reserves are uneconomic at this location. The well is currently in the process of being plugged and abandoned.

The primary Gamba sandstone objective was encountered high on the structure but was thinner and tighter than expected in the initial well penetration. The secondary deeper objectives in the Melania and Lucina sections were encountered on structure but lacked reservoir quality sands and were not tested.

Strong oil shows observed in the sidewall cores at the Gamba interval led to a subsequent sidetrack on the flank of the structure. The sidetrack encountered thicker Gamba reservoir of improved quality but VAALCO and its partners deemed the reservoir to be too small to be economic.

VAALCO has now scheduled the previously announced six-day shutdown of the Etame Marin block to commence on or around March 15, 2014. The shutdown has been scheduled to upgrade the safety systems and perform maintenance and repairs to key mechanical systems including the gas lift compressor and boiler unit on VAALCO's leased Floating, Production, Storage and Offloading (FPSO) vessel. Other maintenance will be performed in the field while the FPSO is down. A second FPSO shutdown is planned during the second half of 2014 to upgrade the fire and gas detection systems.

Construction work on the two new production platforms targeting additional development of the Etame Marin block is continuing on schedule, with one platform to be installed in the Etame field and the second platform to be installed between the Southeast Etame and North Tchibala fields. Both platforms are expected to be set in the second half of 2014.

For more information about related Opportunities and Key Players visit West Africa Projects

Drilling News in Gabon >>

Trinidad and Tobago >>  5/28/2020 - Columbus, the oil and gas producer and explorer with operations in Trinidad and Suriname, is pleased to announce that it has submitted to the Ministry...
United States >>  5/28/2020 - Halliburton introduced the DynaTrac Real-Time Wireless Depth Correlation System, a new technology that reduces uncertainty and saves rig-time by enabl...

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...

Iran >>  5/26/2020 - The director of integrated planning of the National Iranian Drilling Company announced the drilling and completion of 23 oil and gas wells in the firs...
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...

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.