BW announces first oil production from DTM-4H Gamba well offshore Gabon
12-03-2020 07:01:00 | by: Pie Kamau | hits: 1584 | Tags:

BW Energy has announced the first oil production from the DTM-4H Gamba well drilled as part of Tortue Phase 2 development project (Phase 2) in the Dussafu Marin Permit offshore Gabon.

The well successfully commenced production on 7 March. Start of production from DTM-4H was only three days after first oil from the DTM-5H well. Following the addition of the two wells, the overall field production continues to stabilise, with current output at approximately 20.0 kbopd gross.

“We are pleased to see production rates from the two new wells in line with our expectations,” said Carl K. Arnet, CEO of BW Energy. “It is another confirmation that the Tortue-field is a world-class asset.”

DTM-4H and DTM-5H represent the first of two clusters in the Phase 2 project which consists of four production wells tied back to the FPSO BW Adolo. Drilling continues on the second cluster which is scheduled to begin production by June 2020. Total production after completion of Phase 2 is projected to be 17.3 – 21.6 kbopd gross for 2020 from six producing wells, an increase from the 2019 average of 11.8 kbopd gross.

The Dussafu Marin JV consists of BW Energy (Operator, 73.5% working interest), Tullow Oil (10% working interest), Gabon Oil Company (9% working interest) and Panoro Energy (7.5% working interest).

BW Energy is a growth E&P company with a differentiated strategy targeting proven offshore oil and gas reservoirs through low risk phased developments. The Company has access to existing FPSOs to reduce time to first oil and cashflow with lower investments than traditional offshore developments.

The main assets are 73.5% of the producing Dussafu Marine Permit offshore Gabon and a 95% interest in the Maromba field in Brazil, both operated by the Company. Total net 2P+2C reserves are 247 million barrels at the start of 2020 and gross average production from Dussafu was 11.8 kbopd in 2019.