Vaalco issues offshore West Africa activities update

Offshore staff

HOUSTON – Vaalco Energy has provided an update of its E&P activities offshore West Africa.

Offshore Angola, the company and new partner, Sonangol P&P have purchased seismic data covering the outboard segment of block 5, currently undergoing processing.

Last month Vaalco received a letter and contractual amendment proposal from Sonangol E. P. which the Angolan government will likely ratify. This provides for a three-year extension for the exploration permit until Nov. 30, 2017, and outlines the timing for drilling of the two exploration wells.

One must spud prior to the expiration of the current Nov. 30, 2014 time extension, and the second by early 2016. The semisubmersible Transocean Celtic Sea should drill this year’s well subject to approval from Sonangol E.P.   

Offshore Equatorial Guinea, Vaalco and block P operator GEPetrol are developing a joint operatorship model for exploration on the block. This should lead to drilling of two exploration wells during 2014/2015.

Two production platforms are expected to be installed later this year as part of the additional development of the Etame Marin block offshore Gabon – one on the Etame field and the other between the Southeast Etame and North Tchibala fields.

Three wells will probably be drilled from both platforms during the initial development phase, with the Transocean Constellation II jackup rig due to start the program in 4Q.

05/20/2014

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...