BW Energy has confirmed increase in reserve estimates following the presence of good quality reservoir in DHBSM-2P pilot well in the northern end of the Hibiscus South deposit
Drilled from the MaBoMo production platform to a total depth of 5,130 m, BW aims to acheive well completion of DHBSM-2P by the end of 2024.
The Borr Norve jack-up rig was utilised to drill a target area located approximately 3.2 kms west-northwest of the MaBoMo.
Evaluation of logging data, sample examination and formation pressure measurements confirm approximately 25 metres of pay in an overall hydrocarbon column of 35 metres in the Gamba formation.
The well data provides additional confirmation that the Hibiscus South structure is a separate accumulation with a deeper oil-water contact than the nearby Hibiscus Field. This will enable the company to book additional reserves not currently included in its annual statement of reserves and provide the opportunity to drill one or more additional production wells from the MaBoMo facility.
“We continue to increase the production and reserve base through low-cost and low-risk development activity in line with BW Energy’s strategy,” said Carl K. Arnet CEO of BW Energy. “The Hibiscus South pilot well is another confirmation of the significant potential of the Dussafu licence which holds multiple additional prospects.”
Preliminary evaluation indicates gross recoverable reserves of 5 to 6 million barrels of oil and approximately 14 million barrels of oil in place.
BW Energy reports good quality reservoir offshore Gabon
The Borr Norve jack-up rig was utilised to drill a target area located approximately 3.2 kms west-northwest of the MaBoMo. (Image source: Adobe Stock)
