Perenco Oil & Gas Gabon (POGG) has commenced drilling operations for an appraisal well near the Hylia South West discovery, situated offshore Gabon.
This initiative builds on the discovery of the Hylia Southwest field, which revealed significant oil reserves in the Ntchengue Ocean (NTO) reservoir in December 2022. It focuses on targeting both the NTO reservoir and the lower Madiela carbonate reservoir.
Perenco plans to boost oil production from the Hylia South West field using the BANBA jack-up rig, over the span of a 30-day campaign. Currently, the field yields 6,000 barrels per day from the HYSM-01 well.
In a press release, Adrien Broche, General Manager of POGG, emphasised the importance of appraisal drilling.
“It is designed to further inform our understanding of both the NTO and Madiela reservoirs, and to narrow our estimate of oil resources in place, presently estimated at between 20 and 100+mn barrels”, he said.
Simultaneously, Perenco announced a leadership transition, with Armel Simondin slated to assume the role of CEO of Perenco from March onwards.
Related Articles
Chariot moves to formalise small-scale lithium mining across Nigerian portfolio
Perth-based Chariot Corporation (ASX:CC9) has taken a decisive step towards early cash flow from its Nigerian lithium assets after signing a binding, conditional agreement with its local partner, ... more
South Africa’s Naspers, Prosus unit lift ecommerce profits as Takealot posts “step change” in earnings
South Africa-headquartered Naspers (JSE:NPN) and its consumer-internet subsidiary Prosus (JSE:PRX) reported a stronger first half for the period to end-September, driven by a marked improvement in ... more
Ghana advances talks to acquire Springfield’s WCTP2 stake to unlock stalled deepwater development
Ghana is holding advanced negotiations to acquire Springfield Exploration and Production’s stake in the West Cape Three Points Block 2 (WCTP2), according to Joy News, in what officials describe as ... more
Most Read
-
US expands oil sanctions on Russia
29 days ago
-
India’s smart metering push gains momentum
4 months ago