Addax successful with offshore Gabon wells

The jackup Adriatic VI has drilled two pilot holes in the main area of the Ebouri field, one to the south of the original Ebouri discovery and a second to the northwest, approximately 100 m (328 ft) from the lease line of the Gryphon Marin license area, offshore Gabon.

Offshore staff

CALGARY, Canada -- The jackup Adriatic VI has drilled two pilot holes in the main area of the Ebouri field, one to the south of the original Ebouri discovery and a second to the northwest, approximately 100 m (328 ft) from the lease line of the Gryphon Marin license area, offshore Gabon.

Both pilot holes were successful in delineating the Gamba sandstone formation above the oil water contact, thereby expanding the areal extent of the Ebouri field, according to Addax Petroleum. A horizontal development well on the same orientation as the second pilot hole is currently being completed, with initial production expected in early 2009.

Adriatic VI will then drill another pilot hole in the southern portion of the Ebouri field before continuing the company's exploration program in the Gryphon Marin license area, the company says.

The jackupPride Cabinda drilled the North Ebouri appraisal well approximately 2.5 km (1.6 mi) to the northeast of the Ebouri platform. The well encountered and successfully appraised a gross oil column of 21 ft (6.4 m) in the Gamba formation, the company says.

A deviated sidetrack well is currently being drilled to optimize the location for a potential second horizontal development well.Pride Cabinda will then continue the company's exploration program in the Etame Marin license area with the planned drilling of two exploration wells, targeting two newly mapped structures in North Etame and Southeast Etame respectively.

01/09/2009

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