MPDC discovers oil offshore Gabon

Offshore staff

TOKYO -- MPDC Gabon has discovered an oilfield in the Ebene license, offshore the Gabonese Republic. The discovery was named Loche East Marine field. The company has applied for development and production authorization, which is expected to be approved by Gabonese administration in a few months.

Currently producing around 1,000 b/d with one well, Loche production is expected to reach more than 2,000 b/d with maximum reserve potential of 7,500,000 bbl, according to MPDC Gabon. Oil show has been observed through an exploratory drilling in March 2007 and has been verified by an appraisal well completed in November 2008.

The company plans to use the Perenco-owned adjacent production platform for production and export.

01/26/2009