BW Energy makes “substantial” oil discovery in Hibiscus field offshore Gabon

May 21, 2024

(WO) – BW Energy announced a “substantial” oil discovery with good reservoir quality in the DHIBM-7P pilot well drilled to appraise the northern flank of the Hibiscus field offshore Gabon. BW Energy plans to complete the well as a production well later in 2024, it said in an online statement.

Source: BW Energy

The DHIBM-7P pilot well was drilled from the MaBoMo production platform to a total depth of 3,941 m. The target area is located approximately 1.5 km northwest of the MaBoMo and was drilled by the Borr Norve jack-up rig.

Evaluation of logging data, sample examination and formation pressure measurements confirm approximately 24 m of pay in an overall hydrocarbon column of 37 me. Notably, the hydrocarbon column extends across the boundary between the Gamba and the underlying Dentale formation. This is the first example of a common Gamba-Dentale hydrocarbon accumulation in Hibiscus field.

“This is yet another confirmation of the significant potential of the Dussafu license, which BW Energy is rapidly unlocking through low-cost and low-risk development activity,” said Carl K. Arnet, CEO of BW Energy.

Preliminary evaluation indicates a notable increase in both the volume of oil in place and gross recoverable reserves. As final data becomes available, technical personnel will be engaged in updating the analysis for publication of the uplift at a future date.

The next operation will be to place a production well (DHBSM-2H) in the northern flank of the Hibiscus South field offshore Gabon that was recently successfully appraised.

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