VAALCO Energy Inc. successfully completed the Etame 8H-ST development well drilled from the Etame platform in Etame field, offshore Gabon.
The sidetrack, the first well of VAALCO’s 2021-2022 drilling campaign, has a 162 m lateral targeting high quality Gamba sands not previously produced by prior wells near the top of the reservoir (OGJ Online Dec. 13, 2021). The well initially flowed about 5,000 gross b/d but has been choked back to about 4,200 b/d for reservoir management purposes.
The jack up rig has moved to the Avouma platform to drill the Avouma 3H-ST1 development well. This is another development well targeting the Gamba reservoir and the first of two planned development wells to be drilled on the Avouma platform.
The company plans to drill four wells as part of its 2021-2022 drilling campaign. VAALCO estimates the total cost of the 2021-2022 drilling campaign at Etame to be $117-143 million gross, or $74-91 million net, to VAALCO’s 63.6% participating interest.
The Etame Marin block is in the Congo basin about 32 km off the coast of Gabon. The license area is spread over five fields covering a total area of about 187 sq km. VAALCO is operator in Etame Marin field (63.6%) with partners Addax Petroleum Co. (33.9%) and PetroEnergy Resources Corp. (2.5%).
