Maurel & Prom Announces Results of the Exploration Program in Africa

Source: www.gulfoilandgas.com 12/19/2006, Location: Africa

Congo Brazzaville: On the Kouilou permit, the Loufika Profond-1D exploration well, that has as a main objectivethe Vandji sandstone reservoir, has reached the final depth of 2 842 m without encountering the Vandji formation. The result does not however rule out exploration of the reservoir in this region of the permit. Indeed, this is the objective of the TIONI well, situated 5 km to the South West of Loufika, which will begin when the rig currently being put in place is finally installed.

The Loufika Profond-1D well has been suspended so that it can be completed and tested in the top levels already encountered in the exploration drilling of Loufika 1 that had pumpedat a rate of 380 b/d from the partial perforations of the impregnated reservoir. A light drilling rig has been moved into position to drill 6 assessment wells as soon aspossible in this shallow prospect. All operations have been slowed and logistics made difficult because of a particularly heavy rainy season.

Tanzania: Exploration drilling of MKURANGA–1 has reached the depth of 3 518 m after passing through several gas levels.They are currently being assessed and at least 2 tests have already been planned. Drilling the well deeper is also being studied. The drilling site is 5 km from a pipeline providing direct access to the Tanzanian market which is currently opening up.

Gabon: The request to take a 65% holding in the Etekamba permit is currently being examined by the Gabonese Direction Générale des Hydrocarbures (DGH).


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