VAALCO updates Ebouri field drilling

VAALCO Energy has begun drilling a development well in the Ebouri field and an appraisal well (North Ebouri) in the Etame block.

Offshore staff

HOUSTON -- VAALCO Energy has begun drilling a development well in the Ebouri field and an appraisal well (North Ebouri) in the Etame block.

First oil production from the Ebouri field well is expected in January 2009. VAALCO expects the well to bring the company's total production to approximately 25,000 barrels b/d. The company currently produces 20,500 b/d.

In the Etame block, thePride Cabinda was on location in mid-November. In addition to the appraisal well (North Ebouri) where drilling has begun for possible expansion of the Ebouri field, VAALCO plans two wells (North Etame and South East Etame) on newly mapped structures. The wells will be drilled back to back, the company says.

11/24/2008

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