Petroleum Africa
Find us on: 
Wednesday, February 28, 2024
BW Energy, operator of the Dussafu Marin license in Gabon, has outlined its activity from 2023 in its latest Q4 and Full Year Results, and provided and update on its gas to power project in Namibia.
BW Energy reports that gross production from the Dussafu license in Gabon averaged 22,500 barrels of oil per day in Q4, amounting to total gross production of 2.07 million barrels of oil for the period. Production was impacted by the previously communicated electrical issues affecting the ESPs (electrical submersible pumps) on the Hibiscus field. Fourth quarter production cost (excluding royalties) was approximately $28 per barrel.
The company has committed all necessary resources on identifying and resolving the electrical integrity issues affecting the ESPs. Currently, the DHIBM-6H well is producing on natural flow. The DHIBM-3H and DHIBM-4H wells are producing on ESP, following completion of workovers and ESP changeout. Preparations are ongoing for restarting DHIBM-5H well following a similar process. The program of diagnosis, repair and replacement of the ESPs is well underway.
Development Plans
The Hibiscus / Ruche Phase 1 drilling campaign comprises of eight wells. In addition to the four Hibiscus wells and the one Hibiscus South well drilled to date, the updated plan includes a fifth Hibiscus well, finalization of the Ruche well, and a Bourdon prospect test well.
In November, a substantial oil discovery was made in the Hibiscus South satellite prospect (DHBSM-1). In early 2024, the company returned to the well to complete it as a production well. First oil is expected in March, less than five months after discovery. The Hibiscus South structure is a separate accumulation with a deeper oil-water contact than the nearby Hibiscus Field, increasing the company’s reserve base.
The Hibiscus / Ruche drilling campaign has the potential to bring total oil production on the Dussafu license up to the FPSO capacity of approximately 40,000 barrels per day gross when all wells are on-stream.
Namibia
In addition to the Gabon updates, BW Energy also says it is progressing the revised development plan for the gas-to-power project in Namibia and analyzing data from the 3D survey completed in May. Interpretation of the initial data has enhanced the depositional model and de-risked potential targets with additional prospects identified, and the Company has decided to start ordering long-lead items for a future exploration program.
" alt="TAG Oil Completes Fraccing Program at Egypt’s T100 Well in Western Desert">
" alt="Sintana to Expand Asset Base in Namibia with Acquisition">
" alt="Luanda Gives Afentra Nod for Azule Acquisition">
" alt="TotalEnergies Increases Stake in ROC’s Giant Moho Field and Sells Mature Assets">
" alt="Africa’s $824 Billion Debt Burden and Opaque Resource-Backed Loans Hinder its Potential">
" alt="African Refiners Ponder Threats to Energy Security for Africa as Transition Takes Center Stage">
" alt="Invictus Inks Gas Sales MOU to Deliver Power to Eureka Gold Mine">
" alt="Globeleq Acquires the 25 MWp Winnergy Solar PV Plant in Egypt">
