VAALCO Energy has successfully drilled, completed, and placed on production the ETBNM-3 gas-supply well in offshore Gabon, and has moved the rig to drill the ETSEM-3PH pilot hole and development well. The ETBNM-3 well encountered reservoir properties above pre-drill estimates with over 10 meters of net reservoir pay and strong porosity and permeability, providing sufficient gas to reduce reliance on higher-priced diesel for field operations. Evaluation is ongoing for shallower pay intervals in the D-9 and D-12 zones that may contain wet gas to light oil. On July 27, the rig was relocated to the SEENT platform to begin the ETSEM-3PH well, which includes a pilot hole to test the original field oil-water contact and the underlying Dentale formation, followed by a planned horizontal Gamba producer with a 300-meter completion length. CEO George Maxwell noted the gas well will not directly add production or sales but should lower costs, improve uptime, and potentially boost output from existing wells over time.
Vaalco Energy IncSuccessful gas well completion reduces reliance on diesel, lowering costs and improving operations.
