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Reservoir properties were above pre-drill estimates.

Following drilling, Vaalco Energy Inc has announced well results on the ETBNM-3 well and has mobilised the rig to a new slot on the SEENT platform to commence drilling operations on the ETSEM-3PH pilot hole and development well

The ETBNM-3 gas-supply well in the crestal portion of the North Tchibala structure from the Dentale D-15 reservoir is now placed for production. Reservoir properties were above pre-drill estimates, with strong porosity and permeability coupled with over 10 meters of net reservoir pay. The well will generate enough gas to cover field operations, liftings and power needs, replacing heavy dependency on high priced diesel. 

The company is still evaluating the potential of the shallower pay intervals encountered in the D-9 and D-12 intervals, and has reported findings that indicate the presence of wet gas to light oil pay.

The ETSEM-3PH, on the other hand, has been planned as a pilot hole and subsequent horizontal Gamba producer near the crest of the central fault block of SE Etame. The pilot well will help to test the original field Oil Water Contact and potential of the underlying Dentale formation.

Following the pilot well, a horizontal development well is planned with a completion length of 300 meters within the Gamba sands.

George Maxwell, Vaalco’s Chief Executive Officer, said, “We continue to execute operationally across our diversified portfolio of assets. In Gabon, the newly successful gas well won’t add production or sales directly but will reduce costs associated with using higher priced diesel; this should improve field uptime and potentially add production uplift to existing wells over time. Our strategy remains unchanged with an ongoing focus on growing production, reserves and value for our shareholders.”

TechnipFMC to support Eni's Baleine project offshore Ivory Coast.

As Eni SpA works to expand production from the Baleine Phase 3 fast track development offshore Ivory Coast, it has signed a significant contract with TechnipFMC to secure its support services

Known as one the largest hydrocarbon discoveries in the region, the fast track development will be supported with a network of flexible flowlines and risers that will be designed and build by TechnipFMC to connect wells in water depths of approximately 1,200 meters to a new floating production unit.

Jonathan Landes, president-subsea for TechnipFMC, said, “This award marks the continued expansion of our collaboration with Eni. We are excited to apply our expertise to provide a robust flexible pipe solution with schedule certainty in support of this fast-track project.”

Previously, TechnipFMC bagged a engineering, procurement, construction, and installation contract offshore Mozambique for the Coral North development in water depths of approximately 2,000 m.

“We are excited to once again work with Eni and their consortium partners in Mozambique. We will leverage our experience gained from the successful delivery of Coral South—the world’s first FLNG project in ultradeep water—by replicating our proven playbook with an enhanced approach,” said Landes. 

The contract will require TechnipFMC to manufacture and install flexible flowlines and risers, alongside subsea manifolds and umbilicals. 

TechnipFMC has secured the contract from the project's operator, Eni, who reached the final investment decision of the Coral North project in October this year, and aims delivery by 2028. 

While Eni is leading the venture with a 50% share, other partners include CNPC (20%), Kogas (10%), ENH (10%) and ADNOC-subsidiary XRG (10%). Eni will be investing on the development of a state-of-the-art floating LNG facility in the Rovuma Basin, where it will be generating gas volumes from the northern part of Area’s 4 Coral gas reservoir. 

The Coral North development follows the success of the Coral South project, which effectively continues to be in production. 

Flow rates were determined from the Metlawi reservoir.

A new gas discovery offshore western Libya has been confirmed by the National Oil Corporation (NOC) and Eni North Africa, following the drilling of the exploration well J1-4/16

After reaching a final depth of 10,458 ft, flow rates across two tests from the Metlawi reservoir stood at 14 million cubic feet per day through a 32/64-inch choke in the first test, and 24 MMcf/d through a 62/64-inch choke in the second.

Lying approximately 95 kilometers from the coast, the well forms part of Contract 4/16, where Eni is the operator, and also remains the final well in fulfilling nine contractual obligations for offshore Contract Block D, as stipulated in the agreement signed in June 2008. 

This discovery can potentially add to Libya's production count, which saw an impressive rise last year. According to a table of the average daily crude oil production and total (cumulative) production figures for the past 10 years that was recently released by NOC Libya, 2025 had recorded the highest average production rate in comparison to the last decade, at 1.374 million barrels per day. Total crude oil production for the year reached 501 million barrels, marking a posititve shift in the NOC’s strategy to boost crude oil production rates. 

Eni is set to launch three exploration plays in Libya – shallow, deepwater and ultra-deep offshore, and is also deeply invested in the region's gas with the US$10bn Greenstream pipeline and a CO2 capture and storage plant in Mellitah.

 

 

 

Eni has discovered gas from the Denise W 1 exploration well.

Following preliminary estimates from drilling activities offshore Eastern Mediterranean, Eni is anticipating the presence of approximately 2 trillion cubic feet of gas initially in place and 130 Mbbl of associated condensates

Discovered from the Denise W 1 exploration well, it especially aligns with the major's near-field and infrastructure-led exploration strategy as it comes with the potential for a massive fast-track development. The well is positioned less than 10 kms away from existing infrastructure, belonging to the Temsah Concession lying 70 km offshore in 95 m of water depth.

As part of substantial investments in brownfield assets, Eni had secured a 20-year renewal of the Temsah Concession in 2025 from the Egyptian General Petroleum Corporation and Egyptian Natural Gas Holding Company. The discovery thus comes as a significant return of investment for the oil major, similar to the now-producing Temsah field, which also featured a gas-bearing sandstone reservoir of excellent quality with about 50 m of net pay like the Denise well.

Eni's joint venture with EGPC, Petrobel, which operates the Denise Development Lease of the Temsah Concession, secures boosted gas output for the country, contributing to its national goals and energy security.

Eni operates the Denise Development Lease of the Temsah Concession with a 50% contractor working interest, alongside bp which holds the remaining 50%. 

Eni has been active in Egypt since 1954 and today holds a diversified portfolio spanning exploration, development, and production, with oil and gas production of 242 kboed equity in 2025. 

 

The project aims to boost natural gas production.

In a major step towards the development of its first project in Egypt, Arcius, in collaboration with the Egyptian Natural Gas Holding Company, has reached final investment decision (FID) on the Harmattan gas field in the El Burg Offshore concession area

Approximately half a billion dollars investment by the bp and XRG venture, the project aims to boost natural gas production.

This comes following Arcius’ acquisition of the El Burg Offshore concession area in February 2026. The project's execution phase will be led by ENPPI delivering engineering, procurement, construction and installation (EPCI) contract for Pharaonic Petroleum Company on behalf of El Burg Offshore Petroleum Company. Petroleum Marine Services and Petrojet will be providing services in the capacity of subcontractors.

Speaking on the FID and acknowledging the project's purpose to primarily meet domestic market needs, the chief executive officer of Arcius, Naser Al Yafei, said, "The Final Investment Decision to develop the Harmattan field marks an important milestone in advancing one of our first projects in Egypt toward production. It reflects our confidence in the potential of Egypt’s energy sector and our commitment to close cooperation with the Egyptian government, EGAS, and our execution partners to strengthen Egypt’s natural gas supply, support energy security, and reinforce Egypt’s position as a regional energy hub in the Eastern Mediterranean.” 

The FID was announced during the EGYPES 2026 with the participation of EGAS, Arcius as the Operator of El Burg Offshore Concession, PhPC, ENPPI, and in the presence of Karim Badawi, Minister of Petroleum and Mineral Resources.

 

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