Offshore staff
HOUSTON – VAALCO Energy’s production offshore Gabon declined during 3Q, mainly due to continuing electrical submersible pump (ESP) failures at the Avouma field.
The company is mobilizing a hydraulic workover unit onto the Avouma platform to remove the ESPs so that the manufacturer can analyze the cause of the failure.
VAALCO is working on a plan to replace the pumps in the affected wells and anticipates restoring at least part of the shut-in production by year-end.
It estimates its net share of the cost at around $3.1 million.
11/10/2016
