Africa: Equatorial Guinea
Aug. 2001 Vol. 222 No. 8 International Outlook AFRICA Equatorial Guinea
AFRICAEquatorial Guinea
In just 10 years, oil production has jumped from zero to 215,000 bopd and is still climbing. The government established a new state firm, Petrogesa, which will negotiate better deals for the country with foreign firms. Petrogesa will be responsible for operational and technical issues and will honor all existing PSAs. At press time, Triton Energy sought another drilling unit to appraise its Oveng and Okume discoveries, and drill two appraisals by year-end. First oil is expected in 2002. The Oveng prospect Tritons third find on Block G yielded 168 ft of net pay in two zones. Okume-1 has probable recoverable reserves of up to 250 million bbl and encountered 200 ft of net pay in one pool. CMS Energys Alba 9 hit 732 ft of net pay offshore, and flowed 37.5 MMcfgd and 2,400 bcpd. Together with test results from Alba 8 and reservoir data, this more than doubled the fields proven and probable reserves to 300 MMbbl of oil and 4.6 Tcfg.
Three development wells found more oil offshore at Ceiba field, after Triton resumed drilling following several dry holes. This second-phase program will double production of 50,000 bopd. |
- Applying ultra-deep LWD resistivity technology successfully in a SAGD operation (May 2019)
- Adoption of wireless intelligent completions advances (May 2019)
- Majors double down as takeaway crunch eases (April 2019)
- What’s new in well logging and formation evaluation (April 2019)
- Qualification of a 20,000-psi subsea BOP: A collaborative approach (February 2019)
- ConocoPhillips’ Greg Leveille sees rapid trajectory of technical advancement continuing (February 2019)