- New oil discoveries are seldom news from Gabon, where oil production is already declining. Today, however, US oil companies announce they have found new oil deposits on Ebouri prospect offshore Gabon.
The two US-based oil companies PanOcean Energy and Vaalco Energy today issued separate statements surrounding "a new pool discovery on the wildcat well Ebouri No. 1 (EBO-1)," 11 kilometres northwest of the producing Etame field offshore Gabon.
- Both the original well and its associated horizontal sidetrack were successfully taken to total depth, delineating an oil accumulation on the eastern flank of the prospect, the PanOcean statement says. Drilling operations had confirmed "approximately 15 meters of net oil pay in 17 meters of gross Gamba sandstone section."
However, either a second well or a further sidetrack from EBO-1 would be "necessary to fully delineate the Ebouri prospect," the company said. If these prospects proved to contain commercial quantities of oil, it was believed the new field could be tied back over the course of 2004 to the existing floating production storage facilities located at the Etame field.
Onstream for 18 months, the Etame field produces approximately 15,000 barrels per day of oil from the same Gamba formation as that encountered in EBO-1. The Etame existing floating production storage facilities currently have a designed capacity to receive 25,000 to 30,000 barrels of oil per day, Vaalco informs.
The Etame partners say they plan to drill an additional development well in the Etame field during the second quarter of this year, in an effort to increase production from the field to in excess of 20,000 barrels per day.
PanOcean owns a 31.36 percent working interest in the Etame field, followed by its partners Vaalco Energy (28.07% and operator), Sasol (27.75%), Energy Resources Japan (2.98%), PetroEnergy Resources Corp (2.34%) and Energy Africa (7.5%).
afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.
afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.