See also:
» 15.04.2010 - Gabon striking workers unmoved by govt call
» 19.11.2008 - Gabon oil investments get "go ahead"
» 23.07.2008 - Gabon, Equatorial Guinea resolving border dispute
» 13.06.2008 - Gabon prepares oil licensing round for 2009
» 10.04.2007 - Addax gets Gabon petrol acquisition
» 13.10.2006 - Gabon oil production stops declining
» 27.02.2006 - Gabon, Equatorial Guinea resolving border crisis
» 15.02.2005 - New promising onshore oil prospect in Gabon

China wholesale online through

Houlihan's coupons

Finn autentiske matoppskrifter fra hele verden på
Gazpacho Børek Kartoffelsalat Taboulé Gulasj Albóndigas Cevapi Rougaille Japrak sarma Zwiebelbrot Klopse Giouvetsi Paella Pljeskavica Pica pau Pulpo a la gallega Flammkuchen Langosj Tapenade Chatsjapuri Pasulj Lassi Kartoffelpuffer Tortilla Raznjici Knödel Lentejas Bœuf bourguignon Korianderchutney Brenneslesuppe Proia Sæbsi kavurma Sardinske calamares

Autentiske matoppskrifter fra hele verden finner du på
Réunion Portugal Aserbajdsjan Serbia Tyskland Seychellene Bosnia Spania Libanon Belgia India Kroatia Hellas Italia Ungarn Komorene Georgia Mauritius Østerrike Romania Frankrike

Economy - Development

New commercial oil discovery offshore Gabon announced

afrol News, 22 January - Ebouri has been confirmed as a "new commercial oil discovery offshore Gabon." The field is located 11 kilometres north-west of the producing Etame field offshore Gabon, thus making production costs lower than for an isolated field.

Pan-Ocean Energy today confirmed a new commercial pool discovery on the wildcat well Ebouri No.1 ("EBO-1"), where the company has a 31.36 percent interest in the new field. Promising discoveries of a new oil pool at Ebouri had been announced earlier this month, but additional tests had to be made before it could be established whether the discovery was commercial.

Therefore, a second sidetrack has been completed and logged, successfully delineating the new pool. The EBO-1 well further was sidetracked twice for geological reasons. Wireline logs indicate that a 15.5 metre oil column was encountered within the reservoir.

PanOcean - which holds the largest interest in the Etame Field - today confirmed that "the results of the second sidetrack were consistent with the previous well results and that initial analysis suggests that the accumulation has the potential to be economically developed via a tie-back to the nearby Etame FPSO." The well is currently being plugged and abandoned, awaiting development.

- The Ebouri discovery adds real momentum to PanOcean's growth strategies, commented David Lyons, PanOcean President and Chief Executive Officer. "This discovery is an exciting beginning to a planned 2004 high-impact exploration programme. We have the potential to add significant value to our asset base and substantially extend our production from this area," added Mr Lyons.

Also VAALCO Gabon Etame - which operates and owns a 28 percent interest in the Etame field - celebrated the news. Robert Gerry, Chairman and CEO of VAALCO stated, "We now have three penetrations of the Gamba reservoir within the Ebouri prospect, all confirming oil pay. While a further step out will be necessary before we can determine the reserves, we believe we have a commercial new field discovery."

- Engineering studies to tie the Ebouri discovery back to our existing FPSO facilities will begin immediately, added Mr Gerry. "These facilities have designed capacity to receive 25,000 to 30,000 barrels of oil per day."

Onstream for 18 months and having produced over 7 million barrels to date, the Etame field produces approximately 15,000 barrels per day from the same Gamba formation as that encountered in EBO-1. The Etame FPSO currently has a design capacity of 25,000 barrels per day.

The partners at the Etame field are now planning to drill an additional development well in the Etame field during the second quarter of this year, to increase production from the field to in excess of 20,000 barrels per day.

In addition, the consortium plans to drill one additional exploration well on the Etame Marin permit during the second quarter in fulfilment of its obligations on the concession. Proved reserves in the Etame field have been independently estimated at 13.3 million barrels.

PanOcean owns a 31.36% working interest in the Etame field, and the other partners are VAALCO Energy, (28.07% and operator), Sasol Ltd. (27.75%), Energy Resources Japan (2.98%), PetroEnergy Resources (2.34%) and Energy Africa (7.5%).

- Create an e-mail alert for Gabon news
- Create an e-mail alert for Economy - Development news

    Printable version

On the Afrol News front page now

Rwanda succeeds including citizens in formal financial sector

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.

Famine warning: "South Sudan is imploding"

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.
Panic in West Africa after Ebola outbreak in Guinea

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.
Ethiopia tightens its already strict anti-gay laws

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.
Ethiopia plans Africa's biggest dam

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.

front page | news | countries | archive | currencies | news alerts login | about afrol News | contact | advertise | español 

©  afrol News. Reproducing or buying afrol News' articles.

   You can contact us at