Page 14 - AfrOil Week 44 2021

AfrOil PROJECTS & COMPANIES AfrOil

VAALCO finishes two-well workover

programme at Etame Marin block

GABON VAALCO Energy (US) reported earlier this prevent ESP failures as we deemed necessary.
week that it had completed two well worko- This allows us to maximise production and even
vers at the Etame Marin block offshore Gabon, incrementally increase production, which is
thereby raising production levels by about 1,050 particularly attractive in the current price envi-
barrels per day (bpd). ronment. We will continue to efficiently operate
In a statement, VAALCO noted that the at Etame, which generates strong cash flow to
workover project had focused on two wells at fund our accretive strategic initiatives.”
Etame – namely, EEBOM-2H and ET-12H – and VAALCO serves as the operator of Etame
said it had used its mobile hydraulic workover Marin and has a 58.8% stake in the block. It has
unit to mobilise and replace electrical submers- been using a floating production, storage and
ible pumps (ESPs) at both wells. It hailed the off-loading (FPSO) unit known as the Petróleo
decision to purchase the workover unit earlier Nautipa to support development work at the
this year, explaining that this equipment was block, but its 20-year contract with the vessel’s
capable of handling ESPs more efficiently and owner, BW Offshore (Norway), is due to expire
cheaply than a drilling rig. in September 2022. The company has arranged
The workover of EEBOM-2H served to to hire a floating storage and off-loading (FSO)
replace and upgrade the longest-producing ESP unit from Omni Offshore Terminals to help fill
ever installed at Etame. It also pushed the well’s the gap. ™
gross output levels up from around 500 bpd
(255 bpd net to VAALCO) to 1,400 bpd (715
bpd net).
Meanwhile, the workover of ET-12H served
to reconfigure the well’s ESP design and also to
replace the well’s upper and lower ESP units. It
also pushed the shaft’s gross output levels up
from around 150 bpd (80 bpd net to VAALCO)
to 1,800 bpd (920 bpd net).
George Maxwell, the CEO of VAALCO,
expressed satisfaction with the workover opera-
tion. “We are pleased with the results from these
workovers – in particular, the 1,050 gross bpd
of additional production,” he commented. “We
purchased the mobile hydraulic workover unit
earlier this year to allow us to quickly and effi-
ciently react to ESP failures and to proactively VAALCO is using an FPSO to support the project (Image: VAALCO Energy)

Saipem sees Mozambique LNG

project restarting in mid-2022

MOZAMBIQUE THE Italian energy services group Saipem performance in 2021. As of the end of Septem-
said on October 28 that it expects work on the ber 2021, he reported, the Mozambique LNG
Mozambique LNG project, which was put on contract was still backlogged to the tune of
hold this year for security reasons, to restart €3.6bn ($4.18bn). This could change next year,
around mid-2022. though, he stated.
During a conference call with analysts, Pacioretti did not say whether Saipem had
Saipem’s CFO Antonio Pacioretti indicated received any guidance from TotalEnergies
that he did not expect the project to make any (France), which is leading the Mozambique
significant contributions to his company’s LNG initiative.

P14 www. NEWSBASE .com Week 44 03•November•2021