Market Report: VAALCO Starts Production at the Avouma 3H-ST Well Offshore Gabon
The Avouma 3H-ST well represents the second successful well of VAALCO’s 2021/2022 drilling campaign.
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The Avouma 3H-ST well represents the second successful well of VAALCO’s 2021/2022 drilling campaign.
Houston-based, Vaalco Energy, has spudded the first well of its 2021/2022 drilling campaign, targeting the Etame field.
The company reported that the work done on these two wells added a total of approximately 1,050 gross barrels of crude oil per day.
Vaalco Energy has executed a contract with offshore drilling company Borr Drilling for its 2021/2022 drilling program in offshore Gabon.
The campaign will enable the acquisition of the first continuous 3-D seismic across the Etame Marin block.
The independent producer is strengthening its presence in one of Africa’s mature-producing markets.
Gabon is making strides to incentivize foreign operators to explore its offshore hydrocarbon potential.
The well contains around 20 feet of good quality Gamba oil sands.
Recent major hydrocarbon discoveries along with strategic investments showcase Ivory Coast’s oil and gas investment potential.