Gulf Oil and Gas accountACCOUNT

Panoro Announces Substantial Oil Discovery in Hibiscus Updip Sidetrack

Source: www.gulfoilandgas.com 10/4/2019, Location: Africa

Panoro Energy ASA is pleased to report a positive update on its drilling operation on the Hibiscus Updip well (DHIBM-1), located on Dussafu Marin Permit (“Dussafu”), offshore Gabon.

John Hamilton, CEO of Panoro, commented: “Results of drilling at Hibiscus Updip have significantly exceeded expectations. Both the original wellbore and sidetrack have encountered oil columns with excellent reservoir properties and our estimate of gross recoverable oil at Hibiscus Updip is between 40 and 50 million barrels. Our phase 3 development plans to tie the nearby Ruche and Ruche NE fields back to the Adolo FPSO are now being expanded to include a possible fast-track development of the discovery. Additionally, this successful well enables us to further de-risk Gamba prospectivity in the Hibiscus area where we see significant additional potential. We are extremely pleased with the continued drilling success at Dussafu, and now look forward to the commencement of the production drilling phase at Tortue”.

The DHIMB-1 well was initially drilled in 116 metres of water to a vertical depth of 3,538 metres. On August 30, 2019, Panoro announced an oil discovery in the pre-salt Gamba reservoir with plans to drill a sidetrack to appraise the extent of the Hibiscus Updip discovery.

The Hibiscus Updip oil discovery has been appraised by drilling a sidetrack (DHIBM-1ST1) to the northwest to test the lateral extent and structural elevation of the Gamba reservoir. The sidetrack was drilled to a Total Depth (TD) of 3,500 metres, (3,049 metres True Vertical Depth Subsea (TVDSS)) approximately 1.1 km from the original wellbore and found a 33 metre oil column with 26 metres of oil pay in the Gamba reservoir with better reservoir character and a similar fluid level to that encountered in the vertical well, DHIBM-1.

Panoro and the operator, BW Energy, estimate the gross recoverable resources discovered to be in the range of 40 to 50 million barrels of oil. Further upside potential exists in the wider Hibiscus area which will be the focus of future exploration drilling.

The well will now be plugged and abandoned pending future appraisal and development activities. The rig will then move to drill the first of four new oil production wells at the Tortue field.

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

Drilling News in Gabon >>

Turkey >>  10/18/2019 - SOCAR AQS and China CAMC Engineering Co., Ltd. - IC ?çta? Construction Industries & Trade Inc. JV are pleased to announce that they have signed drilli...
Gabon >>  10/17/2019 - VAALCO Energy, Inc. announced that the Etame 9P appraisal wellbore, targeting the subcropping Dentale reservoir beneath the VAALCO-operated Etame fiel...

United Kingdom >>  10/17/2019 - Cairn, operator of UKCS licence P2312, has completed drilling of wildcat well 03/17a-3, known as Chimera. The objective of the well was to prove hydro...
Indonesia >>  10/15/2019 - Coro Energy, the Southeast Asian focused upstream oil and gas company, has provided an operational update in relation to the drilling campaign in the ...

Norway >>  10/15/2019 - As the first company on NCS, OKEA will live stream the drilling log from the drilling operations on the Odfjell rig Deepsea Nordkapp. Here you will be...
Azerbaijan >>  10/14/2019 - Zenith Energy, the international oil & gas production company operating the largest onshore oilfield in Azerbaijan, has provided an update on its dril...

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 © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.