June 13, 2024
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BW Energy Discovers Oil Off The Coast of Gabon

An Oslo-listed oil and gas Exploration & Production player BW Energy has struck oil at a pilot appraisal well located on a field in the Dussafu license off the coast of Gabon, disclosing a “substantial” oil discovery with good reservoir quality in the DHIBM-7P pilot well. The drilling activities were carried out with a jack-up rig owned by Borr Drilling, an offshore drilling contractor.

The well was drilled to appraise the northern flank of the Hibiscus field, which is part of its Hibiscus/Ruche development project, located about 20 kilometers northwest of the Tortue field, BW Energy explained.

Furthermore, the DHIBM-7P pilot well was drilled to a total depth of 3,941 meters from the MaBoMo production platform, a former Hibiscus Alpha jack-up drilling rig, which was repurposed into an offshore production facility with 12 well slots.

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

According to the Oslo-listed player, the DHIBM-7P well will be completed as a production well later in 2024, just like the DHBSM-2P well at the Hibiscus South field, which was drilled to test a possible northeastern extension of the field, after the DHBSM-1H production well was started production in March.

BW Energy is not the only player, which has enriched its oil portfolio in Africa. Many companies are intensifying their search for more hydrocarbons in African waters. As a result of the recent hydrocarbon discoveries in Angola and Namibia, the continent is quickly turning into a new exploration hotspot.

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