Isongo well confirms strong potential

Bowleven’s IE-3 appraisal well offshore Cameroon has reached a final subsurface depth of 3,048 m (10,000 ft).

Offshore staff

EDINBURGH, UK -- Bowleven’s IE-3 appraisal well offshore Cameroon has reached a final subsurface depth of 3,048 m (10,000 ft).

The company has run wireline logs and taken samples and pressure data. These indicate the well has encountered multiple hydrocarbon-bearing reservoirs containing gas condensate and light oil.

Early indicators look positive. The well result suggests gas condensate is present in the upper Isongo sand objective, in communication with and extending structurally up-dip of the highest known gas in IE-2z.

Logging and sampling of the deeper prognosed secondary targets have identified further multiple stacked reservoirs containing light oil and gas condensate pay.

Bowleven will perform more detailed analysis, including test data, in part to reduce remaining risks concerning development of the IE field area. It is preparing a program of up to four drillstem tests.

Thereafter, the rig will likely be moved to the offshore MLHP-5 exploration well location (Sapele-1).

Bowleven’s objectives were to appraise the extent and communication of the upper Isongo reservoir up-dip of previous wells on the IE field, and to target additional deeper Isongo reservoirs.


07/15/2010

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