BW Energy: Update on the Hibiscus / Ruche development program
17 Octobre 2023 - 7:30AM
BW Energy: Update on the Hibiscus / Ruche development
program
Update on the Hibiscus / Ruche development
program
BW Energy today provided an update on the ongoing Dussafu assets
operations. The Company is pleased to inform that production has
been re-instated from the DHIBM-3H well on electrical submersible
pump (ESP). The ESP on the DHIBM-4H well, which has been producing
on natural flow, has also been successfully re-started. The Company
is currently working to stabilise production from both wells. The
current total Dussafu gross production, with all the Tortue and
Hibiscus wells in operation, is in the range from 30,000 to 35,000
barrels of oil per day.
At the Ruche field, drilling and completion activities on the
DRM-3H production well have been temporarily suspended. The well
was drilled to a depth of 5,351 meters and encountered oil in the
Gamba reservoir. However, it has become apparent that an
alternative final casing design is needed. The DRM-3H is the
longest lateral step-out drilled to date and the company expects to
return to complete this well later in the drilling campaign when
additional casing material is received. To maximize the use of the
contracted drilling rig, the Dussafu partners have initiated
drilling of the Hibiscus South exploration prospect (DHBSM-1),
located about 5 kilometers southwest of the BW MaBoMo production
platform. Hibiscus South holds a mid-case volume potential of
approximately 16 million barrels of oil in place (with an estimated
7 million barrels recoverable) in the Gamba reservoir.
If DHBSM-1 contains commercial volumes, the plan is to return to
the well and complete it as a production well in early 2024. The
ongoing Hibiscus / Ruche drilling campaign is expected to bring
total oil production on the Dussafu license up to approximately
40,000 barrels per day gross when all wells are completed and
on-stream.
For further information, please
contact:
ir@bwenergy.no
About BW Energy:
BW Energy is a growth E&P company with a differentiated
strategy targeting proven offshore oil and gas reservoirs through
low risk phased developments. The Company has access to existing
production facilities to reduce time to first oil and cashflow with
lower investments than traditional offshore developments. The
Company’s assets are 73.5% of the producing Dussafu Marine Permit
offshore Gabon, 100% interest in the Golfinho and Camarupim fields
in Brazil, a 65% interest in the BM-ES-23 block in Brazil, a 95%
interest in the Maromba field in Brazil and a 95% interest in the
Kudu field in Namibia, all operated by BW Energy. Total net 2P+2C
reserves and resources were 546 million barrels of oil equivalent
at the start of 2023, when including the Golfinho
Cluster.
This information is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act
BW Energy (TG:6BW)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
BW Energy (TG:6BW)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024