VAALCO Energy, Inc. announced first production from Etame 12-H, a development well drilled from the Etame platform offshore Gabon. Etame 12-H was drilled to a measured depth of approximately 3,450 meters targeting the recently discovered, untapped lower lobe of the Gamba reservoir.

Following completion operations, the well was brought online at the rate of approximately 2,000 BOPD on a gross basis (approximately 500 BOPD net to VAALCO) with no indication of hydrogen sulfide (H2S). The well is currently being temporarily constrained at the above production level while it is being optimized for efficiency. The Etame 12-H is an offset well to the Etame 10-H well which began producing in February 2015, at a rate of 3,000 BOPD, and was the first oil production from the recently commissioned Etame platform.

'The offshore Gabon drilling campaign that we began last year has so far resulted in increased production of approximately 5,000 gross barrels per day of sweet crude,' said Steve Guidry, CEO of VAALCO. 'We are pleased with the encouraging results from the Etame 12-H well, and are optimistic about the opportunities we have to expand production offshore Gabon as part of our ongoing development campaign.'

Tags: VAALCO Energy