According to Vaalco, compared to the current FPSO solution the Cap Diamant FSO will reduce storage and offloading costs at the Etame field offshore Gabon by almost 50%, as well as lower total operating costs by approximately 17% to 20% through to 2030.
The Grove North East development well (49/10a-G7) encountered carboniferous reservoir units at the target depth, with around 250 ft (gross) gas-bearing B & C sandstones present.
The wellhead platform will be an unmanned installation, located in 90 m water over the Dorado oil and gas field in the Bedout Sub-basin.