Press

Bowleven - Etinde Operational Update - Spud of IM-6 well, Etinde, Cameroon

Posted by OilVoice Press - OilVoice

22-May-2018


Etinde Operational Update 

Spud of IM-6 well, Etinde, Cameroon 

Bowleven, the Africa focused oil and gas company traded on AIM, is pleased to announce the spud on 21 May 2018 of the IM-6 appraisal well at the Etinde block, Cameroon, by the block's operator, New Age Cameroon Offshore Petroleum SA ("NewAge"). 

The IM-6 well is the first of two appraisal wells to be drilled in 2018. The Etinde Joint Venture partners have contracted the Vantage jack-up rig "Topaz Driller" for this campaign, Drilling and logging operations of IM-6 are expected to take approximately 100 days in total with Schlumberger providing most of the drilling services. As previously announced, the well is designed to delineate the size and extent of the Intra-Isongo stratigraphic sand traps as a primary target, with the Upper Isongo sand as a secondary target. 

New Age is the operator of the Etinde field, with a 37.5% working interest. Bowleven and LUKOIL are partners with a 25% and 37.5% working interest respectively. The Company intends to announce the final well results after the end of drilling and testing operations 

Eli Chahin, CEO of Bowleven said: 

"We are pleased to have commenced our 2018 two well appraisal drilling programme at Etinde. This is a significant event for Bowleven, its shareholders, partners and stakeholders in Cameroon. I would like to thank New Age's operations team and our drilling contractor, Vantage, for all their efforts in achieving this milestone. 

The appraisal program, for which Bowleven is fully carried, aims to further improve the already robust economics for future development of this world class asset and we look forward to providing an update on IM-6 results over the coming weeks."

BowLevenCameroon

More items from oilvoice


Petrofac: Completion of Sale of 49% of Mexico Operations

Petrofac has completed the sale of 49% of the Company's operations in Mexico to Perenco (Oil & Gas) International Limited (“Perenco”), following approval from the Federal Competition Commission of Mexico (COFECE). Under the terms of the sale, announced on 30 July 2018, Petrofac has been paid an in ...

OilVoice Press - OilVoice


Posted 1 day agoPress > PetrofacDivestmentMexico +2

Petrofac: Completion of Sale of 49% of Mexico Operations

Petrofac has completed the sale of 49% of the Company's operations in Mexico to Perenco (Oil & Gas) International Limited (“Perenco”), following approval from the Federal Competition Commission of Mexico (COFECE).

OilVoice Press - OilVoice


Posted 1 day agoPress

Rystad Energy's Oilfield Service Newsletter: FPSO Market Alive and Making Strides Again

The global floating production market has stirred back to life after enduring a couple years in virtual hibernation during the downturn. Last year brought some relief to the market, with six new FPSO orders worldwide , and with oil prices recovering to around $80 per barrel this year, combined w ...

OilVoice Press - OilVoice


Posted 1 day agoOpinion > Rystad EnergyOilfield ServicesFPSO +4

Equinor Further Focuses NCS Portfolio

Equinor has signed an agreement with PGNiG to sell its non-operated interests in the Tommeliten discovery on the Norwegian Continental Shelf (NCS) for a total of USD 220 million. Tommeliten Alpha is a gas/condensate discovery that was made in 1976. Through this transaction Equinor will dives ...

OilVoice Press - OilVoice


Posted 1 day agoPress > NCSNorwegian Continental ShelfOffshore +7

SDX Energy, Far Ltd

SDX Energy SDX has announced that the discussions with BP re a significant package of assets have been terminated by ‘mutual agreement' and the suspension of the shares has been lifted. Paul Welch, CEO said he was ‘clearly disappointed that the transaction had not materialised' and that ‘we are ...

OilVoice Press - OilVoice


Posted 1 day agoOpinion > MalcyMalcysMalcy's +4
All posts from oilvoice