Perenco commences drilling at Hylia South West in Gabon

By bne IntelliNews February 29, 2024

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.

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