Gulf Oil and Gas accountACCOUNT

PanOcean Completes First Phase for Etame 5H Well

Source: www.gulfoilandgas.com 6/17/2004, Location: Africa

Pan-Ocean Energy Corporation Limited announced the successful completion of the first phase of a new development oil well, Etame 5H, offshore Gabon and the beginning of drilling operations on a new offshore exploration well, Avouma No. 1.

The vertical portion of Etame 5H has now been cased and the drill rig moved off site while flowlines and umbilicals are installed. These lines will tie the well to the floating production, storage and offloading facility (“FPSO”) moored at the field. Flowlines and control umbilicals for the next development well, Etame 6H, expected to be drilled early in 2005, are being installed at the same time as those for Etame 5H. Once the flowlines are in place the rig can be moved back onto the site to drill the horizontal portion of the 14 metre thick Gamba sandstone which was penetrated by the vertical well.

Etame 5H was initially penetrated by a vertical pilot hole which confirmed that the drilling had successfully reached the target. The well was then plugged back and redrilled to nearly horizontal and 9 5/8 inch casing run to the top of the Gamba sandstone. The drill rig, which has been moved to the Avouma location, will return to Etame 5H to drill the horizontal portion of the well as soon as the flowline installation is complete. It is anticipated that drilling and gravel packing the well’s horizontal lateral will take approximately 15 days. Once the lateral is connected, the well can commence production to the FPSO. First production from Etame 5H is anticipated in August 2004 and is expected to increase total Etame production to over 20,000 barrels of oil per day (over 6,272 bopd net to PanOcean’s 31.36% working interest) from current levels of 15,000 bopd (4,704 bopd net PanOcean).

While the flowlines and umbilicals on Etame 5H are being installed, the rig used to drill Etame 5H has been moved to the Avouma No. 1 location, approximately 17 kilometres south of the main Etame field. Drilling operations are underway and the exploration well is currently at approximately 750 metres depth. The target for the Avouma well is the Gamba sandstone, with the Dentale sandstones as secondary targets. This is the second of two commitment wells required under the current exploration phase of the Production Sharing Contract with the Government of Gabon.

PanOcean owns a 31.36% working interest in the Etame field. The other partners are VAALCO Energy, Inc. (28.07% and operator), Sasol (27.75%), Energy Resources Japan (2.98%), PetroEnergy Resources Corp. (2.34%) and Energy Africa (7.5%).


Development News in Gabon >>

Indonesia >>  10/9/2019 - Australian-based, Indonesian oil producer, Bass Oil Limited (BAS) is pleased to provide its monthly operations update for September 2019. Total field ...
Iran >>  10/9/2019 - Iranian Minister of Petroleum Bijan Zangeneh said there had been talks with a number of domestic firms to develop the South Pars Oil Layer (SPOL), how...

Libya >>  10/9/2019 - A delegation from National Oil Corporation (NOC) met Petrofac representatives at the company’s London headquarters, on the sidelines of the Oil & Mone...
Russia >>  10/9/2019 - Messoyakhaneftegaz has commissioned a horizontal well at the Vostochno-Messoyakhskoye field, facilitating the full-scale development of Achimovsky dep...

Australia >>  10/7/2019 - Transborders Energy (Transborders) is pleased to announce it has entered into a Joint Study Agreement with Mitsui O.S.K. Lines, Ltd. (MOL) to together...
Azerbaijan >>  10/4/2019 - Saipem, in consortium with Boshelf LLC and STAR GULF FZCO, has recently been awarded three new contracts by BP for the development of the Azeri-Chirag...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Gabon Oil & Gas 1 >>  2 | 3 | 4 |

Oil & Gas Projects in Gabon >>

More News

Related Links

AO BJ BW CD CG CI CM DZ EG ET GA GH GM GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.