HOUSTON -- VAALCO Energy has completed the EEBOM-3H well, its second horizontal development well in the Ebouri field. First oil production began on April 8, and a new production record of 24,993 b/d of oil from the Etame Marin block was set two days later, the company says. VAALCO expects production from the Etame block to average approximately 25,000 b/d of oil.
VAALCO has expanded its development program with two new development wells (EEBOM-2H and EEBOM-3H) in North Ebouri. In addition, VAALCO plans to drill the Southeast Etame prospect, the timing of which will depend on consortium negotiations. The company also plans two exploratory wells offshore Angola for late 2009 and 2010.