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Monday, June 3, 2024
In follow-up to the announcement by BW Energy on May 20 announcing an oil discovery on the northern flank of the Hibiscus field in Gabon, the company reports that appraisal drilling and the logging of the DHIBM-7P pilot well is complete.
BW Energy now says it can confirm a substantial oil discovery with good reservoir quality and a material uplift to the Hibiscus area. The company’s preliminary evaluation indicates an increase in Hibiscus gross recoverable reserves (mid-case) of approximately 8 million barrels of oil to 12 million barrels of oil. The company plans to complete the well as a development well later in 2024.
The DHIBM-7P pilot was drilled from the MaBoMo production platform to a total depth of 3,941 meters. The target area is located approximately 1.5 kilometers north-northwest of the MaBoMo and was drilled by the Borr Norve jack-up rig. Notably, the hydrocarbon column extends across the boundary between the Gamba and the underlying Dentale formation. This is the first example of a common Gamba-Dentale hydrocarbon accumulation in Hibiscus Field.
The current operation in Dussafu is to complete the development well (DHBSM-2H) in the northern flank of the Hibiscus South field that was recently successfully appraised.
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