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%).
The U.N. body hopes the revisions encourage their 194 member countries toward actions that slash fossil fuel emissions.
The U.S. District Court for the District of Columbia revoked a key environmental permit for the largest pipeline out of the North Dakota oil basin last year and ordered the study.
The funding would help achieve a global goal set more than a decade ago of $100 billion per year to support climate action in vulnerable countries by 2020.