Strong Results of the Etame 10-H Well

Published on 12 February 2015

On 10 February 2015, VAALCO Energy, Inc. announced first production from Etame 10-H, the second development well drilled from the newly installed Etame platform, within the Etame Marin production licence, offshore Gabon. 

Addax Petroleum Etame Inc holds a 31.36% equity interest in the Etame Production Sharing Contract which is operated by VAALCO Gabon (Etame) Inc. (28.07%). The other partners are Sasol Gabon SA (27.75%), Sojitz Etame Limited (2.98%), PetroEnergy Resources Corp. (2.34%) and Tullow Oil Gabon SA (7.5%).

The horizontal development well was drilled to a Measured Depth (MD) of 3,144 meters while intersecting over 180m of high quality reservoir within an oil-bearing portion of the Gamba Sand.  Following completion operations, the well was tested at the rate of approximately 3,200 BOPD on a gross basis with negligible amounts of water and no hydrogen sulfide (H2S).  The well is currently being produced at approximately 3,000 BOPD.

The contracted jack up rig, the Transocean "Constellation II", is now being mobilized to drill additional development wells from the Southeast Etame/N. Tchibala ("SEENT") platform, beginning with the Southeast Etame 2-H well in the Southeast Etame field, where VAALCO Gabon (Etame) Inc and its partners drilled a successful exploration well in 2010. 

Following the mobilization of the jack-up rig to the SEENT platform, the Etame Joint Venture is planning to conduct an extended well test of the Etame 8-H well, drilled in the fourth quarter of 2014, to confirm and quantify the presence of H2S, which was detected during the initial 17 hour flow test.  The well test is expected to occur later in the first quarter of 2015.

To access the full press release: http://vaalco.investorroom.com/2015-02-10-VAALCO-Energy-Announces-Strong-Results-of-the-Etame-10-H-Well

For more information on Addax Petroleum in Gabon: https://www.addaxpetroleum.com/operations/gabon

 

Addax Petroleum sponsors graduate engineers in Gabon

Published on 02 February 2015

Addax Petroleum Oil & Gas Gabon Inc. sponsored the 25th graduation of engineers from the Polytechnic School of Masuku (Ecole Polytechnique de Masuku) as part of a structured partnership formed in May 2014.

During an official graduation ceremony held on 30 January 2015 in the main auditorium of the University of Science and Technology of Masuku (Université des Sciences et Techniques de Masuku), a total of 36 laureate graduates having obtained their degree in either electro-mechanical engineering (22) or civil engineering (14) received their diploma from the hands of the local academic and administrative authorities.

The ceremony was held in the presence of an Addax Petroleum delegation. In the name of the company, Roger Mavoungou Sickout thanked the hosts and ensured Addax Petroleum’s commitment to support education and training. “It is by investing in youth and fostering talents that one prepares a country’s future” he said. In addition, he directly addressed the laureate graduates encouraging them to be passionate, responsible and creative professionals.

In his opening speech, Professor Isaac Mouaragadja, Rector of the University of Science and Technology of Masuku, expressed his recognition towards Addax Petroleum for having sponsored the institution. He emphasised that it was the vocation of the Gabonese University to open its doors to the corporate world and expressed his happiness with regard to Addax Petroleum’s exemplary involvement.

The Director General of the Polytechnic School then reminded the audience of the institution’s new orientations in terms of new study programmes, notably professional licences and masters to better address the realities of the job market.

Earlier in the morning, a computer room sponsored by Addax Petroleum, and entirely equipped of 21 computers connected to the school network with a high speed internet connection, was inaugurated in the Polytechnic School. Following the official ceremony a dinner was held in honour of the laureates.

 

Addax Petroleum sponsors graduate engineers in Gabon

 

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