VAALCO Energy, Inc. (NYSE: EGY) confirmed the Avouma 3H-ST development well was successfully drilled from the Avouma platform in the Etame field, offshore Gabon. The well validates the Avouma field's extension into an up-dip location, which should result in greater recovery at Avouma and the opportunity for more development wells.
The Avouma 3H-ST development well, with a lateral of 268 meters, was successfully drilled in high-quality Gamba sands at the top of the structure, according to the business. It was discovered that superior Gamba sands with 28 percent porosity and one millidarcy of permeability were encountered. EGY verifies the extension of the Avouma reservoir and expects to boost total field recovery, perhaps allowing for more wells at Avouma.
EGY also revealed that it is now completing the Avouma 3H-ST well, with beginning production expected in the coming weeks, and that the drilling program would continue with the spudding of the ETBSM-1HB ST2 development well from the Avouma platform post-completion.
VAALCO's drilling program for 2021/2022 continues with the drilling of the Avouma 3H-ST well. The company's drilling campaign's sustained success exemplifies the quality of its premium Etame asset. The company expects the well to be operational in the coming weeks and will offer an update to the market once preliminary production data is available.