By OGJ editors
HOUSTON, June 25 -- Vaalco Energy Inc., Houston, has successfully completed the first of three wells planned for the Etame concession off Gabon.
The ET-3H well flowed at a rate of 7,630 b/d of oil through a 42/64-in. choke. Vaalco planned to move the Sedneth 701 drilling rig to its second location before the end of June.
Etame field is expected to go on stream late in the third quarter with combined production from the three wells totaling an estimated at 15,000 b/d of oil, Vaalco Energy said.
Etame is estimated to hold more than 150 million bbl OOIP, 30 million bbl of which is recoverable. Robert Gerry, Vaalco chairman and CEO, has said he believes the recovery factor will prove better than the initial outside estimates after production starts (OGJ, Mar. 4, 2002, p. 70).