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VAALCO Energy announces strong results of the Etame 10-H well

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Oilfield Technology,

VAALCO Energy, Inc. today announced first production from Etame 10-H, the second development well drilled from the newly installed Etame platform, offshore Gabon. The horizontal development well was drilled to a Measured Depth (MD) of 3144 m while intersecting over 180 m of high quality reservoir within an oil-bearing portion of the Gamba Sand.  Following completion operations, the well was tested at the rate of approximately 3200 bpd on a gross basis with negligible amounts of water and no hydrogen sulfide (H2S).  The well is currently being produced at approximately 3000 bpd.

"We are very pleased with the results from the Etame 10-H well and we are eager to continue our current drilling program offshore Gabon," said Steve Guidry, CEO of VAALCO. "VAALCO has produced over 85 million bbls of oil from the Etame Marin block and, with our two new platforms, we are well positioned to continue to deliver a growing production profile through most of 2015."

The contracted jack up rig, the Transocean "Constellation II", is now being mobilised to drill additional development wells from the Southeast Etame/N. Tchibala ("SEENT") platform, beginning with the Southeast Etame 2-H well in the Southeast Etame field, where the Company and its partners drilled a successful exploration well in 2010.

Following the mobilisation of the jack-up rig to the SEENT platform, VAALCO is planning to conduct an extended well test of the Etame 8-H well, drilled in the fourth quarter of 2014, to confirm and quantify the presence of H2S, which was detected during the initial 17 hour flow test.  The well test is expected to occur later in the first quarter of 2015.

Adapted from a press release by David Bizley

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