E&P company BW Energy announced its DHBSM-1 appraisal well found commercial volumes of oil in the Hibiscus South satellite prospect offshore Gabon, according to a Nov. 6 release. The company plans to return to the well to complete it as a production well early next year.
The release stated that the DHBSM-1 well was drilled by the Borr Norve jackup rig from the MaBoMo offshore production platform to a total depth of 6,002 m. The approximate target area is 5 km southwest of MaBoMo.
According to evaluation of logging data, sample examination and formation pressure measurements, the company said the discovery included approximately 20 m of pay in an overall hydrocarbon column of 26.5 m in the Gamba Formation.
The well data confirms that Hibiscus South’s structure is a separate accumulation with a deeper oil-water contrat than the nearby Hibiscus Field. BW noted that this allows them to book reserves outside of what is included in their annual statement of reserves and gives them room to drill one or more additional production wells from the MaBoMo facility.
Preliminary evaluation indicates gross recoverable reserves of 6 MMbbl to 7 MMbbl of oil with approximately 16 MMbbl of oil in place — in line with mid-case pre-drill expectations reported prior to the drilling operation’s commencement, according to the release.
“The successful appraisal of the Hibiscus South satellite structure represents a low-cost and low-risk expansion of the Dussafu production and reserve base,” said Carl K. Arnet, BW Energy’s CEO. “We look forward to rapidly bringing these high-value barrels into production. The result also confirms the significant potential of the Dussafu licence where we have multiple additional future prospects.”
Recommended Reading
Chouest Acquires ROV Company ROVOP to Expand Subsea Capabilities
2024-05-02 - With the acquisition of ROVOP, Chouest will have a fleet of more than 100 ROVs.
SLB, OneSubsea, Subsea 7 Sign Collaboration Deal with Equinor
2024-05-02 - Work is expected to begin immediately on Equinor’s Wisting and Bay Du Nord projects.
SilverBow Makes Horseshoe Lateral in Austin Chalk
2024-05-01 - SilverBow Resources’ 8,900-foot lateral was drilled in Live Oak County at the intersection of South Texas’ oil and condensate phases. It's a first in the Chalk.
Petrobras Sending Nearly Half of Oil Exports to China
2024-04-30 - Conflict in the Middle East has enabled Brazil’s state-owned Petrobras to change the flow of its oil exports, with China being the primary beneficiary, followed by Europe.
Equinor Says EQT Asset Swap Upgrades International Portfolio
2024-04-30 - Equinor CFO Torgrim Reitan says the company’s recent U.S. asset swap with EQT Corp. was an example of the European company “high-grading” its international E&P portfolio.