VAALCO Energy, Inc .has announced that it has entered into crude oil commodity swap agreements for a total of 709,262 barrels at a Dated Brent weighted average price of $53.10 per barrel for the period from and including February 2021 through January 2022.  These swaps will settle on a monthly basis.  The Company is hedging […]

BW Energy has announced an update on the operation and development of the Dussafu Marin license in Gabon. The Gross production from the Tortue field averaged approximately 13,500 barrels of oil per day in the fourth quarter of 2020, amounting to a total gross production of 1.24 million barrels of oil for the period. BW Adolo had scheduled downtime […]

VAALCO Energy has announced  that sequel to  its former position on the  acquisition from Sasol Gabon S.A. (“Sasol”) of Sasol’s 27.8% working interest(1) in the Etame Marin block offshore Gabon, the other joint owners in the Etame Marin block have not exercised their pre-emptive rights. As a result, VAALCO will now move forward with acquiring Sasol’s […]

VAALCO Energy has announced that the acquisition of three dimensional (“3-D”) seismic data at the Etame Marin block offshore Gabon has been completed. The company in the press release, said it has also Completed the acquisition of nearly 1,000 square kilometers of new dual-azimuth proprietary 3-D seismic data over the entire Etame Marin block which […]

BW Energy has concluded on an alternative development plan for the Hibiscus/Ruche satellite field in the Dussafu license offshore Gabon, utilising a converted jack-up rig to reduce investments and time to first oil. Subsequently, the Company has acquired two jack-up drilling rigs, the 2003-built sister-units “Atla” and “Balder”, from Borr Drilling Ltd. BW Energy will […]

Production and lifting operations maintained and largely unaffected through crisis. Health and Safety systems and protocols proved resilient In Gabon, quarterly production at record high of 15,991 bopd gross on average, with current production in excess of 18,000 bopd At Dussafu, seismic reprocessing completed, potential for material increase in hydrocarbon volumes at HibiscusTunisian quarterly production […]

French energy giant Total has said recently that its 58 per cent owned affiliate, Total Gabon, has signed an agreement with Perenco to divest its interests in seven mature non-operated offshore fields. The agreement also includes Total interests and operatorship in the Cap Lopez oil terminal. The final transaction approval still remains on authoritative power […]

BW Offshore a Norwegian global leading provider of floating production services to the oil and gas industry has received a one-year contract extension for the lease and operation of the FPSO Petróleo Nautipa. Operating on the Etame field offshore Gabon for VAALCO Energy. The firm period has been extended the operations of FPO Petroleo Nautipa […]

A recent expansion of Gabon MegaSurvey coverage has significantly increased access to 3D seismic over the 35 open blocks on offer. The Direction Generale des Hydrocarbures (DGH) and PGS now offer over 65 000 sq. km of 3D seismic and over 21 000 km of 2D seismic data. An extension to the tender submission deadline […]

1 An exploration and production company BW Energy has produced first oil from the T ortue Phase 2 field development project (Phase 2) in the Dussafu Marin Permit offshore Gabon.The Gamba well DTM-5H which p l a n n e d p r o d u c t i o n t i me w […]