April 20, 2024
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RENEWABLE ENERGY

BW Energy Commences Oil Production at Hibiscus South Well in Gabon, Five Months After Discovery

Oil and gas firm BW Energy has initiated production at the DHBSM-1H well, situated in the Hibiscus South Field on the Dussafu license off the coast of Gabon, five months after the discovery was made.

Current production levels range between 5,000 and 6,000 barrels of oil per day (bpd), with expectations to recover approximately 6.6 million barrels out of the estimated 22 million barrels of oil in place.

John Hamilton, CEO of Panoro Energy, an independent exploration company and partner in the Dussafu license, emphasized the significance of the rapid progress, stating, “The five-month lead time at Hibiscus South from discovery to first oil is a prime example of our infrastructure-led exploration strategy in action, showing how it can create material value for shareholders.”

Located about 5km southwest of the existing MaBoMo production facility, the DHBSM-1H well was drilled using the Borr Norve jackup rig to a total depth of 5,960m into Gamba sandstone.

BW Energy CEO Carl K. Arnet expressed satisfaction with the efficient execution of the Hibiscus South fast-track development, labelling it as a significant, low-cost, and low-risk expansion of the Dussafu production and reserve base. Arnet highlighted the phased development strategy’s flexibility, enabling the rapid unlocking of substantial value.

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Following completion, the Borr Norve jackup rig has moved on to drill operations on the Ruche sidetrack well DRM-3H ST1, also within the same license, as part of BW Energy’s Hibiscus/Ruche Phase 1 development project.

Energy News Africa reports that the project aims to boost oil production in the Dussafu license up to 40,000 bpd, with the oil transported via pipeline to the BW Adolo FPSO for processing and storage before export to international markets.

Hamilton remains optimistic about the prospects, stating, “The subsurface at Dussafu Marin has a history of delivering positive results, and we are confident that this trend can continue long into the future as we progress towards unlocking its full organic growth potential.”

The initial discovery forms part of BW Energy’s multi-well exploration program in Gabon.

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