Gabon: Oil Flows At Hibiscus Field

Oil and gas company BW Energy has started production at the DHBSM-1H well – located in the Hibiscus South Field on the Dussafu license, offshore Gabon – only five months since the discovery was made.

Production currently sits at between 5,000 and 6,000 barrels of oil per day (bpd), with the well expected to recover approximately 6.6 million barrels from around 22 million barrels of oil in place.

“The five-month lead time at Hibiscus South from discovery to first oil is a prime example of our infrastructure-led exploration strategy in action, showing how it can create material value for shareholders,” stated John Hamilton, CEO of independent exploration company and Dussafu license partner, Panoro Energy.

Situated approximately 5km southwest of the existing MaBoMo production facility, the DHBSM-1H well was drilled using the Borr Norve jackup rig to a total depth of 5,960m into Gamba sandstone.

“We are very pleased with the safe and efficient execution of Hibiscus South fast-track development within a few months after making the initial discovery,” stated BW Energy CEO Carl K. Arnet. “This represents a material, low-cost and low-risk expansion of the Dussafu production and reserve base, demonstrating how our phased development strategy provides the flexibility to rapidly unlock significant value.”

Following completion, the Borr Norve jackup rig has commenced drilling operations on the Ruche sidetrack well DRM-3H ST1 on the same license, which forms part of BW Energy’s Hibiscus/Ruche Phase 1 development project.

The Hibiscus/Ruche Phase 1 development project is expected to bring oil production in the Dussafu license up to 40,000 bpd. Oil produced will be transported via pipeline to the BW Adolo FPSO for processing and storage before export to international markets.

“The subsurface at Dussafu Marin has a history of delivering positive results and we are confident that this trend can continue long into the future as we progress towards unlocking its full organic growth potential,” concluded Hamilton.

The initial discovery was made as part of BW Energy’s multi-well exploration program in Gabon.

Source: Energy Capital