VAALCO takes action on Avouma ESP failures

VAALCO Energy’s production offshore Gabon declined during 3Q, mainly due to continuing electrical submersible pump failures at the Avouma field.

Nov 10th, 2016

Offshore staff

HOUSTONVAALCO Energy’s production offshore Gabon declined during 3Q, mainly due to continuing electrical submersible pump (ESP) failures at the Avouma field.

The company is mobilizing a hydraulic workover unit onto the Avouma platform to remove the ESPs so that the manufacturer can analyze the cause of the failure.

VAALCO is working on a plan to replace the pumps in the affected wells and anticipates restoring at least part of the shut-in production by year-end.

It estimates its net share of the cost at around $3.1 million.

11/10/2016

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