Offshore staff
HOUSTON – VAALCO has issued an update on its E&P activities in the Etame Marin block offshore Gabon.
During 4Q 2020, operations finished on a new 3D seismic survey that compiled close to 1,000 sq km (386 sq mi) of dual-azimuth data across the entire block.
VAALCO will use the results, due later this year, to optimize and de-risk future drilling locations and potentially identify new drilling targets.
The next drilling campaign at Etame will start in late 2021 or early 2022: current plans call for two development wells and two appraisal wells, which at peak could deliver a combined 7,000-8,000 b/d of extra production.
Estimated cost of the program is $115-$125 million ($73-$79 million net) to VAALCO.
03/10/2021
