By OGJ editors
HOUSTON, Mar. 4 – Total Gabon is pressing exploration and development on land and offshore concessions in Gabon as its equity production fell again in calendar 2010.
Capital spending was $296 million, up 3% on 2009, while the equity share of production fell 7% to an average of 52,800 b/d. Total Gabon cited natural decline mainly in Baudroie Nord Marine, Anguille, and Grondin fields.
Total Gabon holds 11,365 sq km of operated exploration licenses and 4,280 sq km of nonoperated exploration acreage. It expects final results by yearend 2011 of 3D seismic shot in the first half of 2010 on the large Diaba deepwater block off southern Gabon.
The company drilled two injection wells in the Anguille field redevelopment project in late 2010 and will drill the last two Phase 2 production wells this year. Phase 3 wells will be drilled in 2012 from the AGMN well platform under construction in France.
Vaalco Energy Inc. and Total Gabon are reprocessing 500 km of 2D seismic on the 270,327-acre Mutamba Iroru license along the coast just north of Port-Gentil. Vaalco is to drill one exploration well, and afterward Total Gabon could become operator because it operates Atora oil field just north of the license.
The Coucal and Avocette Dianongo field licenses were renewed and became production sharing contracts as of Jan. 1, 2011.
Total Gabon acquired a 30% interest in the DE7 license and a 20% interest in the Nziembou license, both operated by Perenco, Paris, in late 2010. Studies were undertaken to select the next exploratory well location on DE7, and Nziembou depth data are being interpreted.
Gabon: Total presses exploration; output falls
By OGJ editors