Gabon : BW Energy Tortue Phase 2 now on stream

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 a s behind schedule was successfully brought on stream in first quarter of Subsequently , well, DTM-4H, i s expect ed t o commence p r o d u c t i o n s o o n e s t . TORT U E P h a s e 2 i s c o n s i s t s o f f o u r production wells, tied back to the FPSO BW Adolo. The DTM-4H and DTM-5H are the first of two clusters. The second cluster is currently being drilled and is projected to commence pr oduct i on i n June 2 0 2 0 . To t a l p r o d u c t i o n a f t e r completion of Phase 2 is estimated to be 17.3 – 21.6 bpd gross for 2020 from six producing wells, compared with an average of 1 1.8 bpd gross produced in 2019.’ T or t ue Phase 2 wi l l provi de a
substantial increase in production this year and we are pleased to agai n have execut ed ahead of schedule. and are to include two school
renovations, micro financing for female organisations, mosquito
nets to local villages, anti-malaria kits and football gear and footballs
for the youth in local communities.A s t h e S a n g o m a r F i e l d
devel opment progresses, t he opportunities for local businesses
to be engaged by FAR, the JV and other contractors will grow. Next
month the Sangomar Field JV is to finalise a review of all social
Following completion of T ortue Phase 2, we will seek to unlock additional reserves through a new expl orat i on wel l i n the Dussafu license where we so far have had 100% exploration success rate’, Carl K. Arnet,
CEO of BW Energy said . investment partners for 2020-2022 and
continue stakeholder engagement related to the development project
entering the execution phase.Arbitration FAR has been notified that the ICC (International Chamber of Commerce) h a s a p p r o v e d t h e d r a f t a wa r d submitted by the tribunal in December (refer ASX release 16 December 2019). FAR will update shareholders when the award is released to the Company .The Dussafu Marin Permit offshore
Gabon is a joint venture partners operation of BW Energy 73.5%, as
an Operator, Tullow Oil 10%, Gabon Oi l Co mp a n y 9 % a n d Pa n o r o Energy 7.5% as working interest respectively .Gabon : BW Energy T ortue Phase 2 now on stream n Italian Oil giant Eni has
A r e c e n t l y a n n o u n c e d i t successful drilling of Agogo-3, the second appraisal well of Agogo discovery in Block 15/06, offshore
Angola, increasing by about 40% the estimate of oil in place, which is now of 1 billion barrels with further upside to be tested in the Northern sector of the field. The E & P oil major drilled Agogo-3 by the Libongos drillship 1.5 km North-West of the Agogo-2 and 4.5 km North-West of Agogo-1 wells. Agogo field is located approximately 180 km from the coast and 23k i l omet er s f r om t he Wes t Hub(N’Goma FPSO). This appraisal well is located in a water depth of 1,700 m and reached a total measured depth of 4,321 m.Production Capacity In Excess Of
15,000 Barrels Of Oil Per Day According to the company , Agogo-3
encountered up to 120 m of net pay of light oil of 31°API in sandstones of light oil of 31°API in sandstones of Miocene and Oligocene age with
e x c e l l e n t p e t r o p h y s i c a l pr oper t i es. An i nt ense dat a
acquisition has been carried out in the well; the data confirm the
communi cat i on wi t h Agogo- 2 r e s e r v o i r s a n d t h e f u r t h e r
extension of the Agogo discovery to the North. Agogo 3 has been
planned and drilled as a highly dev i at ed wel l t o r eac h t he
sequences below the thick blanket of sal t , l ever agi ng on Eni ‘ s
advanced propri etary sei smi c i m a g i n g t e c h n o l o g i e s a n d
confirmed the existence of oil charged and connected reservoir
also in this subsalt sector of Agogo mega structure. The data acquired
indicate a production capacity in excess of 15,000 barrels of oil per
day . Start Production in January 2020 The prolific field Block 15/06 offshore Angola is a Joint Venture between Eni, operator, 36.8421%; Sonangol P&P ,

8421%; SSI Fi f t een Li mi t ed, 26.3158% respectively and had in
J a n u a r y 2 0 2 0 a n n o u n c e d t h e production start-up of Agogo field with a subsea tie back to N’Goma FPSO of Agogo 1, 9 months after the discovery . Eni and JV partners have already started the studies to exploit the full potential of the field through a third production hub, targeting an FID in

Angola plays a key role in the strategy for organic growth of Eni,
which has been present in the Country since 1980 and accounts currently an equity production of about 140,000 barrels of oil equivalent per day . Besides Block 15/06, Eni currently operates block Cabinda Norte, located onshore Angola, and will increase its operated areas adding Blocks 1/14 ( o f f s h o r e L o we r Co n g o Ba s i n ) ,Cabinda Centro (onshore) and Block 28 in the offshore Namibe Basin. Eni An

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