Vaalco places South East Etame 4H well on production, completes drilling program
Vaalco Inc. completed its 2019-2020 drilling program after placing the offshore Gabon South East Etame 4H well on production Mar. 21. Initial production of the well, drilled with a 750 ft horizontal section in the Gamba reservoir, was at the high end of pre-drill estimates at 2,200 gross b/d, (600 b/d net revenue interest) with no H2S.
Workover of the South East Etame 2H well is underway with the South East Etame North Tchibala (SEENT) platform drilling rig. On Mar. 7, the well stopped producing due to an electric submersible pump failure. The well was producing 2,400 gross b/d when the ESP failed. Production is expected to resume around the end of March. No additional workovers will be performed with the contracted rig. It will be released after the workover’s completion.
With the drilling of the South East Etame 4P appraisal (OGJ Online, Feb 19, 2020), VAALCO has drilled and brought online three development wells and two appraisal wells and has satisfied the drilling commitment as part of the PSC extension signed in late 2018.
Vaalco is operator of Etame with 33.6% interest (31.1% working interest). Partners are Addax (Sinopec) 33.9%, Sasol 30%, and PetroEnergy 2.5%. Tullow is a 7.7% working interest owner but not a joint interest owner.