Page 13 - AfrOil Week 10 2020

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NEWS IN BRIEF
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UPSTREAM
Gabon: BW Energy says
DTM-4H Gamba well at
Tortue Phase 2 is
producing as expected
BW Energy has announced first oil from the DTM-4H Gamba well, which was drilled as part of Tortue Phase 2 development project (Phase 2) in the Dussafu Marin Permit offshore Gabon. The well successfully commenced production on March 7.
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 over- all field production continues to stabilise, with current output at approximately 20,000 bpd 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, consisting 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 17,300-21,600 bpd gross for 2020 from six producing wells, an increase from the 2019 average of 11,800 bpd 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, March 09 2020
SDX Energy releases update on drilling operations in Egypt and Morocco
SDX Energy, the MENA-focused oil and gas company, is pleased to provide an update on drilling operations in Morocco and Egypt.
The BMK-1 well in Morocco has been drilled to a measured depth of 1,551 metres and has encountered commercial quantities of gas in both target horizons. The Upper Guebbas was encountered at a measured depth of 1,190 metres, while the Lower Guebbas was penetrated at a measured depth of 1,475 metres.
Following the OYF-2 discovery which was
announced on 28 January 2020 and successfully tested last week, and this BMK-1 discovery, the Company can confirm that the prospectivity in its existing core production and development area extends to the north.
As a result, management estimates that, based upon these well results and the existing 3D seis- mic over the area, the Company has opened a new play fairway and de-risked up to 20bcf of P50 close-by prospective resources for future drilling of which approximately 10 bcf is located in and around BMK-1.
Using Measurement While Drilling (MWD) tools, management estimates that BMK-1 encountered a total of approximately 900 mcf (25.5 mcm) of gas in the Upper and Lower Gueb- bas targets, in line with pre-drill estimates. How- ever, due to down-hole issues, only the Upper target was wireline logged and will be completed. Management estimate that the Upper target has approximately 400 mcf (11.3 mcm) of recovera- ble gas and that the gas in the Lower target will be recoverable during the development of the new play fairway de-risked by the OYF-2 and BMK-1 wells.
The rig will now move to the Lalla Mimouna concession to drill the potentially play-open- ing LMS-2 well. With the drilling of this tenth well, the Company will have fulfilled the three objectives of the campaign which were; (i) to add reserves in and around its existing infrastruc- ture; (ii) to determine if its existing producing area extends to the north; and (iii) to test the pro- spectivity within the Lalla Mimouna concession. Furthermore, given that the last two planned wells would not have been immediately tied into the Company’s infrastructure or contrib- uted cash flows in the near term, the Company has decided to preserve its capital and postpone these last two wells, at no incremental cost, for a future campaign. Given all of this, the campaign will conclude after LMS-2.
South Disouq (SDX Working Interest 55% and operator): The SD-6X (Salah) exploration
well at South Disouq, Egypt has been drilled to a total depth of 3,167 metres. The well encoun- tered 1.7 metres of net gas bearing sand in the Kafr El Sheikh Formation (average porosity 34%), 1.0 metre of net gas bearing sand in the Abu‐Madi Formation which has 143 metres of high quality net reservoir (average porosity 24%) and 258 metres of high quality net reservoir in the Qawasim Formation (average porosity 20%). The gas sands in both the Kafr El Sheikh and Abu Madi were deemed to be sub-economic and the Qawasim has low gas saturation. The thinner than expected gas columns in SD-6X encoun- tered is attributable to the absence of a sealing mechanism in the stratigraphic traps being tar- geted by the well. The well results are currently being analysed.
The rig will now move to the site of the next drilling location on the South Disouq licence, the SD-12X (Sobhi) exploration well, which is to the north and structurally updip of the Ibn Yunus discovery and the SD-6X well.
The result of SD-6X is not anticipated to have any technical read across to SD-12X which is targeting a management estimate of 33 bcf (935 mcm) and which is expected to spud in the next two to three weeks.
Mark Reid, CEO of SDX, commented: “The BMK-1 result in Morocco is excellent news, con- firming that together with the OYF-2 discovery in January, we can now plan to develop a material and valuable new prospective area to the north of our existing infrastructure in a market where we are the only gas producer and where we receive gas prices of between $10-12 per mmcf.
“An additional 20 bcf of P50 prospective resources has the potential to significantly extend reserve life and support lower CO2 emis- sions at our customers.
“After the SD-6X well in Egypt, we can look forward to spudding the SD-12X well in the weeks ahead, where there is no expected techni- cal read across from SD-6X.”
SDX Energy, March 04 2020
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