BW Energy and its partners have made oil discovery in an exploration well in the Dussafu licence offshore Gabon, the company announced Aug. 25.
The Hibiscus North exploration well (DHBNM-1) well is located about 6km north-northeast of the Hibiscus discovery well DHIBM-1, in a water depth of approximately 115 m.
During drilling using the Borr Norve Jack-up rig, the DHBNM-1 well encountered Gamba structure at a depth of 2794 m and identified around 13.5 m of oil-bearing reservoir in the Higher Gamba sandstone.
BW Energy said the Upper Gamba sandstone is the primary target reservoir at the well.
The partners are continuing to drill the exploration well to intersect the secondary targets in the deeper Dentale Formation.
Once the well is drilled to a total depth of approximately 3,500m, the partners will undertake the oil discovery’s total depth, logging operations and evaluation.
The Dussafu licence is operated by BW Energy with a 73.5% stake. Other license partners include Gabonese Oil Company (9%) and Panoro Energy (17.5%).
Recommended Reading
EQT Sees Clear Path to $5B in Potential Divestments
2024-04-24 - EQT Corp. executives said that an April deal with Equinor has been a catalyst for talks with potential buyers as the company looks to shed debt for its Equitrans Midstream acquisition.
Kinetik Launches Delaware Basin M&A Valued at $1.3B
2024-05-09 - Kinetik Holdings will buy Durango Permian infrastructure for $765 million, excluding contingency payments, and sell its interests in the Gulf Coast Express pipeline to AcrLight Capital Partners for $540 million.
EQT Strengthens Appalachian Position in Swap with Equinor
2024-04-16 - EQT, the largest natural gas producer in the U.S., is taking greater control of the production chain with its latest move.
SCF Acquires Flowchem, Val-Tex and Sealweld
2024-03-04 - Flowchem, Val-Tex and Sealweld were formerly part of Entegris Inc.
Global Partners Buys Four Liquid Energy Terminals from Gulf Oil
2024-04-10 - Global Partners initially set out to buy five terminals from Gulf Oil but the purchase of a terminal in Portland was abandoned after antitrust concerns were raised by the FTC and the Maine attorney general.