Uplifting Reserves: BW Energy’s Success Offshore Gabon.

BW Energy, an oil and gas exploration and production company listed in Oslo, has reported a significant increase in recoverable reserves at a field within the Dussafu license off the coast of Gabon.

This boost follows the drilling and logging of a pilot appraisal well with a jack-up rig owned by Borr Drilling, an offshore drilling contractor.

Understanding the Findings:

The discovery of oil on the northern flank of the Hibiscus field led BW Energy to conclude the drilling and logging of the DHIBM-7P pilot well.

This process confirmed a substantial oil discovery with good reservoir quality, resulting in a significant uplift to the Hibiscus area. The targeted area is approximately 1.5 kilometers north-northwest of the MaBoMo production platform.

Geological Significance:

The hydrocarbon column, spanning the boundary between the Gamba and Dentale formations, is believed to be the first example of a common Gamba-Dentale hydrocarbon accumulation in the Hibiscus field. This finding holds geological importance and enhances the understanding of the field’s structure.

Reserve Expansion:

BW Energy’s preliminary evaluation suggests an increase in the Hibiscus gross recoverable mid-case reserves by approximately 8 to 12 million barrels of oil. This substantial addition prompts the firm to plan the completion of the well as a development one this year, indicating confidence in the project’s viability.

Operational Update:

Current operations in the Dussafu region include the completion of the DHBSM-2H development well in the northern flank of the Hibiscus South field. This recent appraisal confirmed significant hydrocarbon reserves in the Gamba formation, reinforcing the project’s potential for further development.

Partnership Dynamics:

While BW Energy holds a 73.5% interest in the Dussafu permit offshore Gabon, Panoro Energy holds the remaining 17.5% participating interest. The collaborative efforts between these entities underscore the shared commitment to the Hibiscus/Ruche development project, which targets fields offshore Gabon.

Infrastructure and Logistics:

Oil produced at the project is transported via pipeline to the FPSO BW Adolo for processing and storage before being offloaded to export tankers. This logistical framework ensures efficient operations and facilitates the export of oil from the region.

Expanding Perspectives:

This success story in offshore Gabon not only signifies a significant uplift in recoverable reserves for BW Energy but also holds broader implications for the oil and gas industry in the region. The discovery sheds light on the geological potential of the area, encouraging further exploration and development efforts.

Connecting the Dots:

This development aligns with recent trends in the African oil and gas sector, where substantial discoveries contribute to the region’s economic growth and energy security. The collaborative nature of the project highlights the importance of strategic partnerships in unlocking the full potential of offshore resources.

Looking Ahead:

As BW Energy moves forward with its development plans, stakeholders in the energy sector will closely monitor the progress and implications of this discovery. The successful exploitation of these reserves has the potential to not only benefit the companies involved but also contribute to the socioeconomic development of Gabon and the wider region.