BW Energy to drill offshore Gabon exploration wells

BW Energy Ltd. will drill exploration wells on Blocks G12-13 and H12-13 in offshore Southern Gabon and carry out a 3D seismic acquisition campaign on both blocks. The blocks are adjacent to BW Energy’s Dussafu license and cover an area of 2,989 sq km and 1,929 sq km, respectively.

BW Energy has been provisionally awarded operatorship of the blocks by the Direction Generale des Hydrocarbures (DGH) in the 12th offshore licensing round in Gabon. The award is subject to finalizing the production sharing contracts (PSC) with the DGH. The PSCs will have an exploration period totaling 8 years which may be extended by a further 2 years.

The blocks will be held by a consortium of BW Energy (operator, 37.5%), VAALCO Energy Inc. (37.5%), and Panoro Energy Ltd. (25%).