Hibiscus/Ruche project offshore Gabon waiting on COVID-19 developments

Nov. 23, 2020
Production from the Tortue field in the Dussafu permit offshore Gabon averaged 15,449 b/d during 3Q, according to partner Panoro Energy.

Offshore staff

OSLO, Norway – Production from the Tortue field in the Dussafu permit offshore Gabon averaged 15,449 b/d during 3Q, according to partner Panoro Energy.

Despite a short shut-in for operational reasons production continued from four wells.

Of the remaining Phase 2 wells at the Tortue field development, DTM-6H has been drilled and completed but not hooked up to the FPSO, while DTM-7H remains to be drilled.

Operator BW Energy plans to complete Phase 2 drilling in 2021.

Thereafter, Hibiscus/Ruche Phase 1 will be the next phase of development at the block, comprising four production wells at the Hibiscus field and two at the Ruche field, all tied back to the FPSO BW Adolo via a platform and pipeline.

Hibiscus/Ruche Phase 2 will involve adding six more development wells.

Planning and engineering activities for Phase 1 with an alternative plan for the development plan are expected to lower the break-even oil price for Hibiscus/Ruche phases 1 and 2 to around $25/bbl.

BW Energy has purchased two jackups, one of which is intended for Phase 1, following conversion to an offshore installation.

However, a final decision to restart the Hibiscus/Ruche development is subject to lifting of COVID-19 restrictions to facilitate project execution.

Panoro added that interpretation of recently re-processed seismic data over Dussafu suggests potential for additional oil reserves in the greater Hibiscus area.

The partners plan an appraisal well as part of the 2021 drilling campaign to test this interpretation.

11/23/2020

Courtesy VAALCO's "36TH ANNUAL ROTH CONFERENCE" presentation, March 2024
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