VAALCO Energy said it has successfully drilled, completed and brought the ETBNM-3 gas supply well into production in the crestal portion of the North Tchibala structure, targeting the Dentale D-15 reservoir.
In an operational update, the company said it is evaluating the potential of shallower hydrocarbon-bearing intervals encountered in the Dentale D-9 and D-12 reservoirs, which appear to contain wet gas and light oil.
VAALCO said the drilling rig was moved on July 27 to a new slot on the SEENT platform to drill the ETSEM-3PH pilot hole and development well.
The company said the pilot well is designed to test the original field oil-water contact and evaluate the potential of the underlying Dentale formation. The well is planned to have a 300-metre completion interval within the Gamba sands.
Chief Executive Officer George Maxwell said the new gas well is not expected to increase production or sales directly but should reduce fuel costs by replacing higher-priced diesel used in field operations.
“The newly successful gas well won’t add production or sales directly but will reduce costs associated with using higher-priced diesel. This should improve field uptime and could support higher production from existing wells over time,” Maxwell said.
He added that the company remains focused on growing production, reserves and shareholder value.
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