BW Vitality has made an oil discovery on the Dussafu license within the Southern Gabon Basin.
The corporate stated in a information launch that the “substantial oil discovery with good reservoir high quality” was within the DHIBM-7P pilot effectively drilled to appraise the northern flank of the Hibiscus subject.
The DHIBM-7P pilot was drilled from the MaBoMo manufacturing platform to a complete depth of 12929.8 toes (3,941 meters). The goal space is positioned roughly 0.9 miles (1.5 kilometers) north-northwest of MaBoMo and was drilled by the Borr Norve jack-up rig.
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The analysis of logging information, pattern examination, and formation strain measurements confirmed roughly 78.7 toes (24 meters) of pay in an total hydrocarbon column of 121.4 toes (37 meters). Notably, the hydrocarbon column extends throughout the boundary between the Gamba and the underlying Dentale formation. That is the primary instance of a standard Gamba-Dentale hydrocarbon accumulation in Hibiscus Discipline, the corporate famous.
BW Vitality stated it plans to finish the effectively as a manufacturing effectively later within the yr.
“That is yet one more affirmation of the numerous potential of the Dussafu licence, which BW Vitality is quickly unlocking by way of low-cost and low-risk growth exercise,” BW Vitality CEO Carl Arnet stated.
Preliminary analysis signifies a notable enhance in each the quantity of oil in place and gross recoverable reserves, based on the discharge. BW Vitality stated that technical personnel can be engaged in updating the evaluation for publication of the uplift at a future date.
Earlier within the month, BW Vitality introduced that its DHBSM-2P pilot effectively confirms that the Hibiscus South deposit extends into the northern a part of the sector with good reservoir high quality, rising reserve estimates. The corporate additionally plans to finish the effectively as a manufacturing effectively later within the yr.
The effectively information supplies further affirmation that the Hibiscus South construction is a separate accumulation with a deeper oil-water contact than the close by Hibiscus Discipline. This may allow the corporate to e book further reserves not presently included in its annual assertion of reserves and supply the chance to drill a number of further manufacturing wells from the MaBoMo facility, it famous.
“We proceed to extend the manufacturing and reserve base by way of low-cost and low-risk growth exercise according to BW Vitality’s technique,” Arnet stated in an earlier assertion. “The Hibiscus South pilot effectively is one other affirmation of the numerous potential of the Dussafu licence which holds a number of further prospects.”
Preliminary analysis signifies gross recoverable reserves of 5 to six million barrels of oil and roughly 14 million barrels of oil in place, the corporate famous.
The corporate’s subsequent operation is to put a manufacturing effectively, DHBSM-2H, within the northern flank of the Hibiscus South subject that was lately efficiently appraised.
In the meantime, its dad or mum firm BW Group Restricted is spinning off BW Vitality. The transfer is not going to contain “any change to the final word management of the enterprise,” because the BW Vitality shares presently held by BW Group, that are managed by its Chairman Andreas Sohmen-Pao by way of a belief, can be offered to BW Vitality Holdings Restricted, which can also be owned and managed by Sohmen-Pao, based on an earlier information launch.
To contact the creator, e-mail rocky.teodoro@rigzone.com
